MKS / MAY 2016 /
6
12 months to 31 March 2016
Portfolio
12 month
3
IPD
4
valuation £m
movement
movement
London offices
52.49
22.1%
12.7%
South East offices
211.70
10.3%
10.1%
Total offices
264.19
12.5%
10.1%
South East industrial
62.57
10.9%
10.1%
Other
20.68
4.5%
–
Total (excl. acq/dev)
347.44
11.7%
5.9%
5
Acq/dev
53.73
–
–
Total portfolio
401.17
9.7%
POSITIVE VALUATION MOVEMENTS
INTRODUCTION
1. On contracted rents (net)
2. On ERV (net)
3. Annual valuation movements (%) after allow-
ing for cap-ex incurred during the period, by IPD
geographical area
4. IPD Monthly index allocations.12 mth movement.
IPD London = City segment
5. IPD Monthly index (All property)
•
£48.41m increase in portfolio value to £401.17m, despite net disposals
•
9.7% valuation surplus (£35.31m)
•
Initial yield: 5.0%
1
(March 2015: 5.5%)
•
Reversionary yield: 7.4%
2
(March 2015: 8.1%)
