Portfolio statistics | Great Portland Estates

Lease profile
London
		At 30 September 2011

		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	23.8	0.5	24.3	1.8	0.1	1.9	26.2
	Retail	4.9	–	4.9	4.2	1.2	5.4	10.3
Rest of West End	Office	4.9	0.8	5.7	6.7	0.9	7.6	13.3
	Retail	2.6	0.5	3.1	4.0	0.4	4.4	7.5
Total West End		36.2	1.8	38.0	16.7	2.6	19.3	57.3
City and Southwark	Office	7.4	2.4	9.8	5.6	0.3	5.9	15.7
	Retail	0.8	0.5	1.3	–	–	–	1.3
Total City and Southwark		8.2	2.9	11.1	5.6	0.3	5.9	17.0
Total let portfolio		44.4	4.7	49.1	22.3	2.9	25.2	74.3
Voids				1.7			1.5	3.2
Premises under refurbishment				10.5			11.9	22.4
Total portfolio				61.3			38.6	99.9

Rent roll security, lease lengths and voids
London
		At 30 September 2011

		Wholly-owned			Joint ventures
		Rent roll secure for five years %	Weighted average lease length years	EPRA vacancy %	Rent roll secure for five years %	Weighted average lease length years	EPRA vacancy %
North of Oxford Street	Office	39.4	5.1	2.9	0.6	3.0	9.1
	Retail	75.5	9.1	–	78.0	8.3	–
Rest of West End	Office	–	1.7	5.2	14.8	2.8	4.3
	Retail	6.1	2.3	3.5	80.8	12.9	–
Total West End		36.6	5.2	3.2	46.0	6.7	4.5
City and Southwark	Office	58.4	6.0	0.7	62.1	4.8	3.7
	Retail	72.2	8.6	1.1	–	–	–
Total City and Southwark		59.8	6.3	1.1	62.1	4.8	3.8
Total let portfolio		40.9	5.4	2.7	50.1	6.3	4.4

Rental values and yields
		Wholly-owned		Joint ventures		Wholly-owned		Joint ventures
		At 30 September 2011

		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	34	37	27	45	4.0	5.2	3.7	4.7
	Retail	35	35	73	85	3.3	5.2	4.5	4.9
Rest of West End	Office	35	45	38	42	1.2	4.7	5.0	5.3
	Retail	45	52	57	63	2.3	4.8	4.6	5.1
Total West End		35	39	45	49	3.1	5.1	4.6	5.1
City and Southwark	Office	27	33	40	40	3.9	5.9	5.8	6.3
	Retail	21	33	–	20	4.1	5.6	–	6.1
Total City and Southwark		27	34	40	40	3.9	5.9	5.8	6.3
Total portfolio		33	37	44	47	3.3	5.2	4.9	5.3

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