13
MKS /MAY2014
PORTFOLIO REVIEW
In-house, activeportfoliomanagement
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Three refurbishmentprojects commenced (ERVup29.6% to£1.01mpa)
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13openmarket lettings secured
– £0.76m pa combined rental
– 1.4% ahead of ERV
– includes 5 lettings at SwitchbackOffice Park,Maidenhead
(valuation gain: 36.3%)
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53% tenant retentionat leastbreak/expiry
– £1.38m pa retained (at ERV)
– 59% retention excluding refurbishment expiries
– includes lease restructuring atWeybridge (valuationgain: 51.0%)
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Totalportfoliooccupancy: 85.9% (March2013: 91.4%)
– ERV £2.67mpa (165,900 sq ft)
– includes development / refurbishment voids
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WAULT: at5.7years (March2013: 6.0years)and4.6years tobreak (March2013: 5.1years)
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TOTALPORTFOLIORETURN: 15.6% (IPD: 14.0%)
