McKay Final Results Presentation (31st March 2015) - page 20

20
MKS / MAY 2015
PORTFOLIO REVIEW
Contracted rent (£ m pa)
Vacant ERV (£m pa)
66 Wilson Street,
London EC2
(11,890 sq ft)
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Refurbishment completed Aug 14
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10 year lease completed Dec 14
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17.3% over ERV (Sep 14)
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70.4% (£4.19m) valuation surplus
0.55
329 Bracknell
(33,600 sq ft)
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Refurbishment completed Sep 14
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35% let
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Positive market response
0.16
0.41
Switchback Office Park,
Maidenhead
(37,130 sq ft)
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Rolling refurbishment completed
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77% let
0.53
0.15
Strawberry Hill House,
Newbury
(12,040 sq ft)
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Planning consent generated Feb 15
Pre-let unconditional
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Completion of works Q1/16
– (pre-let)
0.26
£1.24m pa
£0.82m pa
Refurbishment projects adding value
Note: 1. All @ 31.3.15
Year to 31st March 2015:
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30.9% valuation surplus, inc cap-ex
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24.8% increase in ERV
1...,10,11,12,13,14,15,16,17,18,19 21,22,23,24,25,26,27,28,29,30,...38
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