Full Year Results Presentation

Central London development pipeline Q1 2021 m sq ft 12.0 10.0 8.0 6.0 4.0 Completed U/C Pre-let Pipeline Pre-let U/C Speculative Potential Speculative 10 year average new and under-construction take-up 10 year average development completions 0.0 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 Source: CBRE 2.0 Note: Forecast reflects CBRE's estimate of earliest completions. Central London comprises the City, Docklands, Midtown, Southbank and West End areas 242 23 25 25 24 24 4.8m 4.4m 92 92

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