13
MKS / MAY 2015
PORTFOLIO REVIEW
The only REIT focused entirely on the South East and London
South East industrial
17%
Tenant net worth
(by contracted rent)
£’ million
> 35.0
64%
15.0 to 35.0
3%
7.0 to 15.0
2%
1.5 to 7.0
8%
0.7 to 1.5
4%
< to 0.7
19%
Source: Dun & Bradstreet
84%
Banking facilities – Maturities
1 to 2 years
16%
5 to 10 years
84%
Locations (by value)
South East offices
48%
Other
5%
Occupier mix (by contracted rent)
Financial and
Business Services
33%
ICT
23%
Retail, Distribution
and Transport
20%
Other
3%
Construction and
33%
9%
8%
4%
20%
3%
23%
5%
30%
48%
17%
2%
8%
3%
London offices
30%
»
»
40 properties (March 2014: 37)
»
»
5 acquisitions during period
»
»
2 disposals during period
»
»
Initial yield: 5.5%
2
(March 2014: 6.1%)
»
»
Established locations
»
»
Good quality buildings
Key
Office
Retail
Industrial
Other
New properties
in period
Wimbledon
Banbury
Reading
Bracknell
Bicester
Maidenhead
Newbury
Croydon
Folkestone
Weybridge
Poyle
Crawley
Hook
Fleet
Farnborough
Staines
London
Redhill
Woking
Theale
Windsor
Brentford
Chobham
Leatherhead
Note: 1. Valuer’s ERV 2. On contracted rents 3. All at 31.3.15
