McKay Annual Results 12 months to 31st March 2016 - page 20

MKS / MAY 2016 /
20
PORTFOLIO REVIEW
PROPERTIES WITH VALUATION SURPLUS
(1)
>20%
Contracted rent up 12.2%. ERV up 17%
19% increase in contracted rent and 6% increase in ERV
9% increase in ERV and 0.25% positive yield shift
57%increase in ERV following £49 psf achieved on refurbishment of 5th floor
ERV up 37%, following pre-let of Unit 6 at £26 psf
26% increase in contracted rent and 15% increase in ERV
Rent review February 2016 under discussion with positive market comparables
329 Bracknell
27.0%
26.3%
23.5%
22.1%
21.3%
21.8%
21.3%
London
Castle Lane
London
66 Wilson Street
London
Portsoken House
Maidenhead
Switchback Office Park
Croydon
Corinthian House
London
Swan Court
1. Annual valuation movements (%) after allowing for cap-ex incurred during the period
1...,10,11,12,13,14,15,16,17,18,19 21,22,23,24,25,26,27,28,29,30,...38
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