Full Year Results Presentation
Annualised rent & estimated rental value (ERV)
ERVI
As at 31 March 2021
Annualised Rents
(Valuation Basis) £m¹
I
1
I
£m
I
Average Rent
(£psf)
Group
JVs & Funds
Total
Total¦
Contracted²
ERV
West End³
108
7
115'
1651
59.9
69.0
City³
7
71
78
124
54.5
55.2
Offices³
115
78
193
2891
57.6
62.5
I
Retail Parks
74
50
1241
114 i
22.2
19.6
Shopping Centre
42
43
85
88
24.1
24.1
I
I
I
Superstores
3
31
31
17.8
14.4
!
!
Department Stores
1
2 ¦
0.7
3.1
I
High Street
5
Leisure
12
1
51
131
7
11.5
14.5
I
11¦
17.3
14.6
Retail
137
94
231 1
2251
20.6
19.3
Residential4
Total
1
253
1 ¦
1 ¦
12.7
11.4
172
425 1
515'
28.1
30.6
On a proportionally consolidated basis including the group's share of joint ventures and funds, excluding committed, near term and assets held for development
Canada Water is now excluded from the standing investment analysis as it is valued as a development asset on a residualised basis
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 Annualised rent, plus rent subject to rent free
3 £psf metrics shown for office space only
4 Standalone residential
80
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