Portfolio statistics | Great Portland Estates

Rental income
London
		At 31 March 2010

		Wholly owned			Share of joint ventures
		Rent roll £m	Reversionary potential £m	Rental values £m	Rent roll £m	Reversionary potential £m	Rental values £m	Total rental values £m
North of Oxford Street	Office	21.4	(2.4)	19.0	3.8	1.0	4.8	23.8
	Retail	4.5	0.5	5.0	4.6	0.9	5.5	10.5
Rest of West End	Office	4.1	-	4.1	7.4	(0.8)	6.6	10.7
	Retail	2.7	0.6	3.3	4.9	0.3	5.2	8.5
Total West End		32.7	(1.3)	31.4	20.7	1.4	22.1	53.5
City and Southwark	Office	8.7	(0.2)	8.5	4.5	0.4	4.9	13.4
	Retail	0.9	0.5	1.4	0.2	-	0.2	1.6
Total City and Southwark		9.6	0.3	9.9	4.7	0.4	5.1	15.0
Total let portfolio		42.3	(1.0)	41.3	25.4	1.8	27.2	68.5
Voids				1.9			1.0	2.9
Premises under refurbishment				0.1			6.8	6.9
Total portfolio				43.3			35.0	78.3

Rent roll security, lease lengths and voids
London
		At 31 March 2010

		Wholly owned			Joint ventures
		Rent roll secure for five years %	Weighted average lease length years	Voids %	Rent roll secure for five years %	Weighted average lease length years	Voids %
North of Oxford Street	Office	53.6	7.4	2.3	17.6	3.0	3.5
	Retail	62.8	6.6	0.3	75.5	9.2	0.7
Rest of West End	Office	1.1	1.7	6.9	29.5	4.1	3.8
	Retail	3.8	3.0	8.4	79.0	11.7	-
Total West End		44.1	6.2	3.1	50.1	7.0	2.4
City and Southwark	Office	19.8	3.8	7.8	5.8	1.4	3.7
	Retail	72.2	9.7	2.3	36.7	6.6	5.8
Total City and Southwark		24.6	4.3	7.3	7.4	1.7	3.8
Total let portfolio		39.7	5.8	4.1	42.0	5.9	2.6

Rental values and yields
		Wholly-owned		Joint ventures		Wholly-owned		Joint ventures
		At 31 March 2010

		Average rent £psf	Average ERV £psf	Average rent £psf	Average ERV £psf	Initial yield %	True equivalent yield %	Initial yield %	True equivalent yield %
London
North of Oxford St	Office	43	38	23	36	4.3	5.3	4.6	5.4
	Retail	33	37	62	75	4.4	5.3	4.7	5.2
Rest of West End	Office	36	35	36	32	4.4	4.4	5.9	5.8
	Retail	49	59	44	47	3.3	4.8	4.9	4.4
Total West End		41	39	38	40	4.2	5.1	5.1	5.2
City and Southwark	Office	30	29	30	32	6.4	6.1	7.0	7.0
	Retail	21	34	37	39	4.4	6.9	5.8	6.0
Total City and Southwark		29	30	30	32	6.2	6.2	6.9	6.9
Total portfolio		37	36	36	38	4.6	5.3	5.4	5.5

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