Investor Presentaiton

ERV RESETTING TO MARKET Annualised at 30 September (£m pa) ERV Expiring existing portfolio¹ Speculative developments - City Speculative developments - West End Speculative developments - Retail Total Rent Resetting to Market ERV of current vacancies 2,3 Vacant & Income Expiring 1 Rent is based on ERV, reflecting current valuation 2 3 Including £10m of vacant space at recently completed developments Including space under offer of £7m and space in asset management of £1m 31 2014 2015 2016 2017 2018 2014-16 2014-18 20 19 39 33 34 78 145 10 11 11 9 6 15 15 3 1 42 21 45 33 34 108 175 28 28 136 203 British Land

View entire presentation