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Essential read

Creating strong foundations

Creating strong foundations
 
more on our priorities

Our performance

  • Balance sheet strengthened
  • Valuation surplus of 10.3%
  • Portfolio in line with IPD Quarterly Universe
more performance at a glance

Our strategy, vision and team

Our strategy is simple: we are focused on the two largest segments of the UK commercial property market – retail and London offices – which gives us a broad range of opportunities.

more strategy, vision and team

Chief Executive’s statement

CEO Statement

“We end the year with plans which build on the strong foundations we have created”

 
more chief executive’s statement

Our Chairman’s message

Chairman's Statement

“We have the leadership qualities required to compete and win in a fast-moving market. And the firepower to make telling investments”

 
more chairman’s message
 

Retail Portfolio

Key highlights

11.7% Valuation surplus of 11.7%
6.9% Shopping centres outperformed IPD by 6.9%
350 Lettings secured

At a glance

Retail Portfolio by capital value £4.27bn

57.7% Shopping centres/shops, 27% Warehouses/foodstores, 15.3% Other
 
 

Key objectives for 2010/11

  • Outperform IPD
  • Expand our out-of-town presence
  • Meet pre-letting targets for development schemes, including Leeds Trinitiy
more retail portfolio overview

Top Retail properties

White Rose

1
White Rose
Leeds

 
Gunwharf Quays

2
Gunwharf Quays
Portsmouth

 
Cabot Circus

3
Cabot Circus
Bristol

 
 
more retail top properties
 

London Portfolio

Key highlights

9.1% Valuation surplus of 9.1%
£31m £31m of new lettings secured during the year
3 Work started on site at three West End developments

At a glance

London Portfolio by capital value £5.27bn

35.7% West End offices, 17.8% Central London shops, 15.1% Midtown offices, 14.9% City offices, 12.7% Inner London offices, 3.8% Other
 
 

Key objectives for 2010/11

  • Outperform IPD
  • Submit further planning applications
  • Let up One New Change, EC4
more london portfolio overview

Top London properties

Cardinal Place

1
Cardinal Place
SW1

 
New Street Square

2
New Street Square
EC4

 
Queen Anne’s Gate

3
Queen Anne’s Gate
SW1

 
 
more london top properties