MKS / MAY 2017 /
6
3.9% GROWTH IN PORTFOLIO RENTAL VALUE (ERV)
•
3.9% increase (£1.23m)
in ERV
1
to £32.68m pa
•
Portfolio rental growth
ahead of IPD
2
•
Contribution from all
segments
3
•
Driven by
– Refurbishments
– Lettings ahead of ERV
– Successful rent reviews
-1.0 -0.5 00 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0
All property
South East offices
London offices
South East industrials
IPD
McKay
ERV: % change (12 months)
1. ERV = Estimated full portfolio rental value, inc dev
2. Monthly index
3. London = City segment. Segments exc dev
