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We are a central London property investment and development company owning over £1.8 billion of real estate.
| £1,825 million | total assets including our share of joint ventures |
| Wholly owned £m |
Share of joint venture £m |
Total £m |
Proportion of portfolio % |
Valuation movement % |
|||
|---|---|---|---|---|---|---|---|
| North of Oxford Street | Office | 426.2 | 73.1 | 499.3 | 27.4 | 0.9 | |
| Retail | 87.3 | 85.0 | 172.3 | 9.4 | 0.9 | ||
| Rest of West End | Office | 209.7 | 121.6 | 331.3 | 18.2 | 8.2 | |
| Retail | 59.4 | 70.9 | 130.3 | 7.1 | 9.8 | ||
| Total West End | 782.6 | 350.6 | 1,133.2 | 62.1 | 3.9 | ||
| City and Southwark | Office | 176.1 | 71.0 | 247.1 | 13.5 | 2.6 | |
| Retail | 19.5 | 0.1 | 19.6 | 1.1 | (1.1) | ||
| Total City and Southwark | 195.6 | 71.1 | 266.7 | 14.6 | 2.3 | ||
| Investment property portfolio | 978.2 | 421.7 | 1,399.9 | 76.7 | 3.6 | ||
| Development property | 85.1 | 213.6 | 298.7 | 16.4 | 5.3 | ||
| Total properties held throughout the year | 1,063.3 | 635.3 | 1,698.6 | 93.1 | 3.9 | ||
| Acquisitions | 126.0 | – | 126.0 | 6.9 | 0.1 | ||
| Total portfolio | 1,189.3 | 635.3 | 1,824.6 | 100.0 | 3.6 | ||
| Investment properties £m |
Development properties £m |
Total properties portfolio £m |
Office £m |
Retail £m |
Total £m |
Net internal area sq ft 000's |
|||
|---|---|---|---|---|---|---|---|---|---|
| North of Oxford Street | 797.5 | 205.8 | 1,003.3 | 803.0 | 200.3 | 1,003.3 | 1,599 | ||
| Rest of West End | 461.6 | - | 461.6 | 331.3 | 130.3 | 461.6 | 753 | ||
| Total West End | 1,259.1 | 205.8 | 1,464.9 | 1,134.3 | 330.6 | 1,464.9 | 2,352 | ||
| City and Southwark | 266.8 | 92.9 | 359.7 | 339.8 | 19.9 | 359.7 | 800 | ||
| Total | 1,529.9 | 298.7 | 1,824.6 | 1,474.1 | 350.5 | 1,824.6 | 3,152 | ||
| By Use: | Office | 1,185.8 | 288.3 | 1,474.1 | |||||
| Retail | 340.1 | 10.4 | 350.5 | ||||||
| Total | 1,525.9 | 298.7 | 1824.6 | ||||||
| Net internal area sq ft 000's |
2,755 | 397 | 3,152 | ||||||
30 September 2011
30 September 2011
Our locations, business mix and tenants
| 5.7 years | Average length of lease |
|---|---|
| 3.2% | Void rate |
| £99.9 million | Rental value |
30 September 2011
Joint venture business – contribution to the Group
| Anticipated Finish | New building area sq. ft. | Capital expenditure to complete £m |
ERV £m |
Income captured £m |
||
|---|---|---|---|---|---|---|
| Committed | ||||||
| 160 Great Portland Street, W1 | May 2012 | 91,300 | 15.2 | 5.0 | 5.0 | |
| Marcol House, 289/295 Regent St, W1 | Oct 2012 | 102,800 | 24.2 | 7.0 | 0.3 | |
| 79/97 Wigmore Street, W1 | Jun 2013 | 111,400 | 17.8 | 3.2 | 0.0 | |
| Total of committed | 305,500 | 57.2 | 15.2 | 5.3 | ||
| Short/medium term refurbishments 4 projects |
2012-2013 | 286,500 | 8.3 | |||
| Strategic land holdings 5 projects |
1,908,200 | |||||
| Medium/longer term pipeline 11 projects |
846,900 | |||||
| Total programme 23 projects |
3,347,100 | |||||
For those held in JV, costs is shown as GPE's share.
| Number of schemes | |
|---|---|
| Pipeline | 23 |
| Existing area | 1.6m sq ft |
| Proposed area | 3.3m sq ft |
| Increase (106%) | 1.7m sq ft |
For information on debt, see Debt information