McKay Annual Results 12 months to 31st March 2016 - page 19

MKS / MAY 2016 /
19
PORTFOLIO REVIEW
PROACTIVE, IN-HOUSE MANAGEMENT
Lettings ahead of ERV
44 open market lettings secured
£2.28m pa combined rental
14.6% ahead of ERV
Tenant retention rate lower
51% tenant retention at lease break/expiry (March 2015: 63%)
£1.20m pa retained (1.8% over passing / 1.1% below ERV)
WAULT
5.5 years (March 2015: 5.8 years)
4.5 years to break (March 2015: 5.0 years)
Portfolio occupancy up
92.8% excl. dev (March 2015: 91.8%)
74.2% inc. dev (March 2015: 73.2%)
Void ERV: £8.12m pa inc dev
TOTAL PORTFOLIO RETURN: 15.9% (IPD: 11.7%)
Portsoken House
London EC3
329 Bracknell
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