Business review

Top 5 London Portfolio properties

1. Cardinal Place

Stunning trio of buildings encompassing office space and retail accommodation. This landmark site is home to 24 retailers, including a Marks & Spencer anchor store. together with blue-chip businesses.

Principal occupiers

Microsoft, Wellington Management.

Acquisition date

1969

Completion

January 2006

Form of ownership

freehold

Ownership interest

100%

Area

47,500m²

Passing rent

£30m

Let by income

100%

2. New Street Square

Innovative offices with retail and restaurants. Recreating traditional ground-level routes, including a delightful public square, the property offers office space with attractive retail and leisure facilities.

Principal occupiers

Deloitte, Taylor Wessing

Acquisition date

1958

Completion

May 2008

Form of ownership

leasehold

Ownership interest

100%

Area

65,300m²

Passing rent

£23m

Let by income

100%

3. Queen Anne’s Gate

This refurbished former Home Office building is now occupied by the Ministry of Justice. It was built by Land Securities in 1977, to designs by Sir Basil Spence.

Principal occupiers

Government

Acquisition date

1959

Completion

May 2008

Form of ownership

freehold

Ownership interest

100%

Area

31,100m²

Passing rent

£27m

Let by income

100%

4. Bankside 2&3

A contemporary office, retail and leisure space. The two buildings occupy a prime site on the South Bank, opposite the City and close to the West End, served by four major railway termini and several Underground lines.

Principal occupiers

Royal Bank of Scotland

Acquisition date

1969

Completion

August 2007

Form of ownership

freehold

Ownership interest

100%

Area

38,700m²

Passing rent

£17m

Let by income

99%

5. Park House

Due for completion in 2012, this development will occupy an entire block on Europe’s busiest high street – Oxford Street. It will boast eight floors of offices, luxurious apartments, 11 retail units and the most sought-after commercial address in London.

Principal occupiers

n/a – development

Acquisition date

1961

Completion

November 2012

Form of ownership

leasehold

Ownership interest

100%

Area

28,700m²

Passing rent

N/A

Let by income

N/A

Park House Due for completion in 2012, this development will occupy an entire block on Europe’s busiest high street – Oxford Street. It will boast eight floors of offices, luxurious apartments, 11 retail units and the most sought-after commercial address in London. Principal occupiers = n/a – development Acquisition date = 1961 Completion = November 2012 Form of ownership = leasehold Ownership interest = 100% Area = 28,700m2 Passing rent = N/A Let by income = N/A

1. Cardinal Place

Cardinal Place Stunning trio of buildings encompassing office space and retail accommodation. This landmark site is home to 24 retailers, including a Marks & Spencer anchor store. together with blue-chip businesses. Principal occupiers = Microsoft, Wellington Management. Acquisition date = 1969 Completion = January 2006 Form of ownership = freehold Ownership interest = 100% Area = 47,500m2 Passing rent = £30m Let by income = 100%

2. New Street Square

New Street Square Innovative offices with retail and restaurants. Recreating traditional ground-level routes, including a delightful public square, the property offers office space with attractive retail and leisure facilities. Principal occupiers = Deloitte, Taylor Wessing. Acquisition date = 1958 Completion = May 2008 Form of ownership = leasehold Ownership interest = 100% Area = 65,300m2 Passing rent = £23m Let by income = 100%

3. Queen Anne's Gate

Queen Anne’s Gate This refurbished former Home Office building is now occupied by the Ministry of Justice. It was built by Land Securities in 1977, to designs by Sir Basil Spence. Principal occupiers = Government. Acquisition date = 1959 Completion = May 2008 Form of ownership = freehold Ownership interest = 100% Area = 31,100m2 Passing rent = £27m Let by income = 100%

4. Bankside 2&3

Bankside 2&3 A contemporary office, retail and leisure space. The two buildings occupy a prime site on the South Bank, opposite the City and close to the West End, served by four major railway termini and several Underground lines. Principal occupiers = Royal Bank of Scotland. Acquisition date = 1969 Completion = August 2007 Form of ownership = freehold Ownership interest = 100% Area = 38,700m2 Passing rent = £17m Let by income = 99%

5. Park House

1.Cardinal Place

Principal occupiers

Microsoft, Wellington Management.

Acquisition date

1969

Completion

January 2006

Form of ownership

freehold

Ownership interest

100%

Area

47,500m²

Passing rent

£30m

Let by income

100%

2. New Street Square

Principal occupiers

Deloitte, Taylor Wessing.

Acquisition date

1958

Completion

May 2008

Form of ownership

leasehold

Ownership interest

100%

Area

65,300m²

Passing rent

£23m

Let by income

100%

3. Queen Anne’s Gate

This refurbished former Home Office building is now occupied by the Ministry of Justice. It was built by Land Securities in 1977, to designs by Sir Basil Spence.

Principal occupiers

Government.

Acquisition date

1959

Completion

May 2008

Form of ownership

freehold

Ownership interest

100%

Area

31,100m²

Passing rent

£27m

Let by income

100%

4. Bankside 2&3

Principal occupiers

Royal Bank of Scotland.

Acquisition date

1969

Completion

August 2007

Form of ownership

freehold

Ownership interest

100%

Area

38,700m²

Passing rent

£17m

Let by income

99%

5. Park House

Principal occupiers

n/a – development

Acquisition date

1961

Completion

November 2012

Form of ownership

leasehold

Ownership interest

100%

Area

28,700m²

Passing rent

N/A

Let by income

N/A

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