19
MKS / MAY 2015
PORTFOLIO REVIEW
Proactive, in-house portfolio management
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Lettings ahead of ERV
– 31 open market lettings secured
– £1.81m pa combined rental
– 12.4% ahead of ERV
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High tenant retention rate
– 65% tenant retention at lease break/expiry
– £3.52m pa retained (2.8% over ERV)
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Portfolio occupancy up
– 91.8% exc dev (March 2014: 86.8%)
– 73.2% inc dev (March 2014: 85.9%)
– Void ERV: £8.09m pa inc dev
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WAULT
– 6.5 years (March 2014: 5.7 years)
– 5.6 years to break (March 2014: 4.6 years)
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TOTAL PORTFOLIO RETURN: 18.4% (IPD: 18.3%)
