3
SECTION 1
BUSINESS SUMMARY
London and South East
focus
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%
16%
Banking facilities – Maturities
1
to 2 years
16%
5
to 10 years
84%
Locations (by value)
South East offices
42%
London offices
34%
South East industrial
21%
Other
3%
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%
3%
34%
42%
21%
64%
2%
8%
19%
3%
4%
• 35
properties valued at £225.87m
•
Portfolio rental value: £17.24m
•
Initial yield: 6.7%
1
• 59%
of contracted rents from tenants >£15m
net worth (Dun & Bradstreet)
•
Average office rent £20.50 psf
•
Average warehouse rent £7.60 psf
Key
Office
Retail
Industrial
Other
Wimbledon
Banbury
Reading
Bracknell
Bicester
Maidenhead
Newbury
Croydon
Folkestone
Weybridge
Poyle
Crawley
Hook
Fleet
Farnborough
Staines
London
Redhill
1.
On contracted rents