Investor Presentaiton
UK PORTFOLIO NET YIELDS1
As at 30 September 2013
(excl. developments)
EPRA Net Initial
Yield %
2
EPRA Topped- Overall Topped-
Up Net Initial Up Net Initial
Yield %²
Yield%3
Net
Net
Reversionary
Yield %
Equivalent
Yield %
Retail parks
5.5
5.7
5.8
5.8
5.9
Superstores
5.1
5.1
5.1
5.1
5.1
Shopping centres
5.4
5.7
5.7
5.8
5.8
Department stores
5.4
5.4
7.8
4.5
6.0
Leisure
7.6
7.6
8.8
6.0
8.4
UK Retail
5.5
5.6
5.9
5.6
5.8
City
5.3
6.1
6.1
6.0
5.6
West End
3.0
4.8
4.9
5.6
5.4
Provincial
7.1
7.1
7.1
5.7
6.3
All Offices
4.0
5.3
5.4
5.8
5.5
UK Total
5.0
5.5
5.8
5.7
5.7
Table shows UK total, excluding assets held in Europe.
2 Including rent contracted from expiry of rent-free periods and fixed uplifts not in lieu of growth
3
1 Including notional purchaser's costs
Including fixed/minimum uplifts (excluded from EPRA definition)
26
British LandView entire presentation