Full Year Results Presentation

How we create value Source value & growth opportunities M&S MARKS & SPENCE A1 Retail Park, Biggleswade Value opportunity Heritage House, Enfield Development-led urban logistics opportunity Recycle capital Recycle capital Allianz JV £400m value crystallised Ongoing 25% share and asset management Source value & Actively manage & develop growth opportunities and develop Actively manage a Development Norton Folgate 1 Broadgate Canada Water Active management Broadgate repositioning Life sciences at Regent's Place 26

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