McKay Results for the Six Month Period to 30th September 2015 - page 6

6
MKS / NOV 2015
6 months to 30 September 2015
Portfolio
6 month
3
IPD
4
valuation £m pa
movement
change
London offices
46.92
9.6%
8.6%
South East offices
228.91
8.6%
7.6%
Total offices
275.83
8.8%
7.2%
South East industrial
63.61
6.4%
7.0%
Other
18.73
2.4%
Total (excl. acq/dev)
358.17
8.0%
4.3%
5
Acq/dev
40.46
0%
Total portfolio
398.63
7.1%
Positive valuation movements
INTRODUCTION
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»
13.0% increase (£45.87m) overall in portfolio value to £398.63m
»
»
7.1% valuation surplus (£26.36m)
»
»
Initial yield: 5.2%
1
(March 2015: 5.5%)
»
»
Reversionary yield: 7.6%
2
(March 2015: 8.1%)
1. On contracted rents (net)
2. On ERV (net)
3. Annual valuation movements (%) after allowing for cap-ex incurred during the period, by IPD geographical area
4. IPD Monthly index allocations. 6 mth movement. IPD London = City segment
5. IPD Monthly index (All property)
1,2,3,4,5 7,8,9,10,11,12,13,14,15,16,...33
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