14
MKS / MAY 2015
12 months to 31 March 2015
Portfolio
Full year
IPD
(3)
valuation £m movement %
(2)
% change
London offices
105.10
20.3
18.7
South East offices
122.37
9.8
17.1
Total offices
227.46
14.4
16.8
South East industrial
59.57
17.5
16.0
Other
8.28
3.9
–
Total (exc. acquisitions)
295.31
14.7
11.6
(4)
Acquisitions
57.45
9.3
–
Total portfolio
352.76
13.8
Strong valuation gains
PORTFOLIO REVIEW
»
»
38.6% increase (£98.21m) in portfolio value to £352.76m
»
»
13.8% valuation surplus (£42.71m)
»
»
Initial yield: 5.5%
(1)
(March 2014: 6.0%)
»
»
Reversionary yield: 8.1% (March 2014: 7.0%)
1: On contracted rents
2: Annual valuation movements (%) after allowing for cap-ex incurred during the period
3: IPD Monthly Index – annual movement by segment where applicable. IPD London = City segment
4: IPD Monthly index (All property)
