Annual General Meeting 24 th July 2015 Portfolio Summary as at 31 - - PowerPoint PPT Presentation

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Annual General Meeting 24 th July 2015 Portfolio Summary as at 31 - - PowerPoint PPT Presentation

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Annual General Meeting 24 th July 2015 Portfolio Summary as at 31 March 2015 Total Asset London Offices 42.3% Regional Offices 10.4% Industrial/logistics 14.3% Retail 18.2% Retirement Villages 9.7% Poland 5.1% 0 200,000,000

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Annual General Meeting

24th July 2015

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Portfolio Summary – as at 31 March 2015

5.1% 9.7% 18.2% 14.3% 10.4% 42.3% £0 £200,000,000 £400,000,000 £600,000,000 £800,000,000 £1,000,000,000 Poland Retirement Villages Retail Industrial/logistics Regional Offices London Offices Total Asset

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London – Location

The Powerhouse, W4 Shepherds Building, W14 One King Street, W6 King Street, W6 Barts Square, EC1 Enterprise House, W2 C-Space, EC1 One Creechurch Place, EC3 The Bower, EC1 New Loom House, E1 Charterhouse Square, EC1 Clifton Street, EC2 Artillery Lane, E1 Chart House, N1 Drury Lane, WC2

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The Bower, Old Street, London, EC1

Scheme Summary

  • Phase 1
  • The Warehouse 122,000 sq ft offices
  • The Studio

18,363 sq ft offices

  • Empire House

17,315 sq ft hotel

  • Phase 2
  • The Tower

170,000 sq ft offices

  • 75,000 sq ft retail and A3 restaurant/bar
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The Bower, Old Street, London EC1

The Warehouse

  • 122,000 sq ft offices:-
  • Levels 4, 5 and 6 - 36,650 sq ft pre-let to Farfetch.
  • Levels 3, 8 and 9 under offer.
  • 1,604 sq ft A3 pre-let to Bone Daddies.
  • 3,078 sq ft A3 pre-let to The Draft House.
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The Bower, Old Street, London EC1

The Studio

  • Fully let.
  • 18,363 sq ft offices pre-let to John Brown Media.
  • 1,173 sq ft A3 pre-let to Honest Burger.
  • 2,982 sq ft A3 pre-let to Enoteca da Luca.
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The Bower, Old Street, London EC1

Empire House

  • Fully let.
  • 17,315 sq ft hotel pre-let to Z Hotels.
  • 3,411 sq ft restaurant pre-let to Ceviche.
  • Completed and open March 2015.
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The Bower, Old Street, London EC1

The Tower

  • Phase 2 – to commence Q4 2015.

completion Q1 2017.

  • 170,000 sq ft office.
  • 7,300 sq ft retail/A3.
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Barts Square, London EC1

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Barts Square, London EC1

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Barts Square, London EC1

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Barts Square, London EC1

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One Creechurch Place, London EC3

  • 271,500 sq ft offices.
  • Completion due September 2016.
  • Aldgate public realm improvements.
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One Creechurch Place, London EC3

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C Space, London EC1

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  • Contemporary re-invention of a former carpet factory with 62,000 sq ft of offices.
  • Completion August 2015.
  • 75% let to DLKW Lowe.

C Space, London E1

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  • Signed contract to purchase 45,000 sq ft building in November 2013. Deposit £1m.

Agreed purchase price £21m.

  • Assigned contract in September 2014. Purchasers will pay £38.25m upon PC of the

building in August.

  • £17.3m profit.

Clifton Street, Shoreditch, EC2

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Clifton Street, Shoreditch, EC2

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23-28 Charterhouse Square, London EC1

  • Acquired in December 2014 for £16m.
  • Major refurbishment of 38,600 sq ft offices and 5,350 sq ft A3.
  • Start on site December 2015, completion Q1 2017.
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23-28 Charterhouse Square, London EC1

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  • Signed contract to purchase 65,000 sq ft of office and retail space July 2015.
  • Planning application to be submitted.
  • Scheme for 80,000 sq ft of mixed use comprising 70 residential apartments, retail and

restaurant space.

26-35 Drury Lane & 8-12 Dryden Street, London, WC2

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King Street, Hammersmith, London W6

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King Street, Hammersmith, London W6

  • Joint venture with Grainger plc.
  • 196 residential units.
  • 40,000 sq ft office building for the Council.
  • 3 screen Curzon cinema.
  • Restaurant and retail units around new public

square.

  • Phase 1: Q3 2016 – Q3 2018

Phase 2: Q4 2018 – Q4 2020

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  • 220,000 sq ft net office.
  • Helical now appointed to deliver Cat B fit out.
  • Completion February 2016.

Scottish Power, Glasgow

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London – Income Producing Asset Market and Strategy

Chart House New Loom House The Shepherds Building King Street, Hammersmith

  • Strategy: Buy if we can find value.

Continue to drive performance of existing assets through refurbishment and re-letting. London is a core part of the long term portfolio.

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THE REGIONS

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The Regions: The Logistics Portfolio – Locations

  • 40 assets strongly clustered

around the motorway network.

  • In excess of 3 million square

feet.

  • £14million rent roll.
  • Average capital value £58psf.

Significantly below replacement cost.

  • Strong occupational demand,

little new stock being built.

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The Regions: The Logistics Portfolio – Now c. £200m

Hinckley Portbury Leighton Buzzard Havant

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The Regions: Retail

Cardiff Huddersfield

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The Regions: Offices

Churchgate House Dale House

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THANK YOU

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Happy Anniversary

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The Team

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