Investor Presentaiton
UK ANNUALISED RENT & ESTIMATED VALUE (ERV)
As at 30 September 2013
(excl. Developments)
Annualised Rents (Valuation Basis) £m¹
ERV £m
Average Rent (£psf)²
Group
JVs & Funds
Total
Total
Contracted
ERV
Retail parks
103
46
149
159
23.2
23.8
Superstores
7
63
70
70
21.8
21.7
Shopping centres
50
66
116
123
25.3
26.2
Department stores
30
30
25
13.4
11.0
Leisure
25
25
20
13.4
10.8
UK Retail
215
175
390
397
21.4
21.3
City
4
77
81
91
47.4
45.7
West End
69
69
124
48.5
50.8
Provincial
6
6
5
27.1
21.9
All Offices
79
77
156
220
46.8
47.2
Residential³
All Offices & Residential
3
3
3
82
77
159
223
UK Total
297
252
549
620
25.7
26.0
Table shows UK total, excluding assets held in Europe.
1 Gross rents plus, where rent reviews are outstanding, any increases to ERV (as determined by the Group's external valuers), less any ground rents payable under head leases,
excludes contracted rent subject to rent free and future uplift
2 Office average rent £psf is based on office space only
3 Stand-alone residential
28
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