MKS / NOV 2016 /
5
VALUATION: RENTAL GAINS OFFSETTING OUTWARD YIELD SHIFT
•
Portfolio valuation of £413.88m (March 16: £401.17m)
•
Deficit of 0.7% (£3.07m)
•
Outperformance of IPD
1
•
•
Initial yield
2
: 5.1%
(March 16: 5.0%)
Reversionary yield
3
:
7.3%
(March 16: 7.4%)
INTRODUCTION
1. IPD segments (exc dev)
2. On contracted rents (net)
3. On ERV (net)
-8.0 -7.0 -6.0 -5.0 -4.0 -3.0 -2.0 -1.0 0 1.0
All property
South East offices
London offices
South East industrials
IPD (Monthly index)
McKay portfolio
% change (6 months)
