12
MKS /MAY2014
PORTFOLIO REVIEW
Strongvaluationgainsand rentalgrowth
»
»
Valuation surplus: £23.61m (10.2%)
»
»
PortfolioERVup
– 4.4% like for like to£17.50mpa
– 13.0%overall to£18.94mpa
»
»
ERVof refurbishmentsup27.6%
12months to31March2014
Portfolio
Full year
valuation£m movement%
(1)
SouthEastoffices
98.70
9.6
Londonoffices
83.39
13.1
Total offices
182.08
11.2
SouthEast industrial
48.74
9.7
Other
6.58
8.4
Like for like
237.40
10.8
Acquisitions
17.15
3.1
Totalportfolio
254.55
10.2
3.0
8.9
5.3
1.3
2.2
Full year
movement%
Portfolio
ERV£m
IPD
(2)
% change
11.7
12.8
1: Annual valuationmovements (%) after allowing for cap-ex incurredduring the period, exc acquisitions
2: IPDMonthly Index – annual movement by segment where applicable. IPD London=City segment
3: IPDMonthly index (All property)
IPD
(2)
% change
2.8
8.9
4.2
1.3
–
1.2
3
–
4.4
–
13.0
12.0
10.5
–
6.8
3
–
17.50
1.44
18.94
7.96
5.45
13.41
3.90
3.19
