Top 5 Retail Portfolio properties

1. White Rose

White Rose Award-winning shopping centre with more than 100 stores and a range of cafés and food outlets. Located on the outskirts of Leeds, it serves a large and loyal catchment ensuring a consistently strong performance from retailers. Principal occupiers = Sainsbury’s, Debenhams, Marks & Spencer, Primark. Acquisition date = 1995 Completion = Mark 1997 Form of ownership = leasehold Ownership interest = 100% Area = 63,170m2 Passing rent = £27m Let by income = 99%

2. Cabot Circus

Cabot Circus Opened in September 2008, this exceptional new retail, leisure and residential space integrates seamlessly with the city centre. It provides Bristol with the quality and choice of amenities it deserves. Principal occupiers = House of Fraser, Harvey Nichols, H&M Acquisition date = 1950s to 2005 Completion = September 2008 Form of ownership = leasehold Ownership interest = 50% Area = 111,480m2 Passing rent = £18m Let by income = 95%

3. Gunwharf Quays

Gunwharf Quays This well known scheme comprises a Designer Outlet Centre with over 80 shops and a wide range of leisure including a cinema, bowlplex, hotel, restaurants and bars. Its historic location on Portsmouth Harbour makes it a popular destination. Principal occupiers = Vue Cinema, Marks & Spencer, Nike, Gap. Acquisition date = 2001 Completion = N/A Form of ownership = freehold Ownership interest = 100% Area = 41,250m2 Passing rent = £19m Let by income = 99%

4. St. Davids

St. Davids This is now the dominant shopping centre in Cardiff. Having opened in October 2009, visitor numbers reached 20 million within its first six months and a further 40 stores have opened since launch. Principal occupiers = John Lewis, New Look, H&M Acquisition date = 1993 Completion = October 2009 Form of ownership = leasehold Ownership interest = 50% Area = 130,060m2 Passing rent = £12m Let by income = 74%

5. The Centre

The Centre Recently extended through a £130m development. The Centre is home to more than 155 shops and five new restaurants. It is divided into distinct zones, each with its own character style. Principal occupiers = Debenhams, Marks & Spencer, Bhs Acquisition date = 1973 Completion = Phase 1: Sept 1976, Phase 2: Aug 1996, Phase 3: Oct 2008 Form of ownership = freehold Ownership interest = 100% Area = 88,260m2 Passing rent = £15m Let by income = 92%
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1. White Rose

Award-winning shopping centre with more than 100 stores and a range of cafés and food outlets. Located on the outskirts of Leeds, it serves a large and loyal catchment ensuring a consistently strong performance from retailers.

Principal occupiers

Sainsbury’s, Debenhams, Marks & Spencer, Primark.

Acquisition date

1995

Completion

Mark 1997

Form of ownership

leasehold

Ownership interest

100%

Area

63,170m2

Passing rent

£27m

Let by income

99%

retail_cabot_circus_170x100.jpg
cabot_circus_170px.gif

2. Cabot Circus

Opened in September 2008, this exceptional new retail, leisure and residential space integrates seamlessly with the city centre. It provides Bristol with the quality and choice of amenities it deserves.

Principal occupiers

House of Fraser, Harvey Nichols, H&M

Acquisition date

1950s to 2005

Completion

September 2008

Form of ownership

leasehold

Ownership interest

50%

Area

111,480m2

Passing rent

£18m

Let by income

95%

retail_cabot_circus_170x100.jpg
gunwharf_170px.gif

3. Gunwharf Quays

This well known scheme comprises a Designer Outlet Centre with over 80 shops and a wide range of leisure including a cinema, bowlplex, hotel, restaurants and bars. Its historic location on Portsmouth Harbour makes it a popular destination.

Principal occupiers

Vue Cinema, Marks & Spencer, Nike, Gap.

Acquisition date

2001

Completion

N/A

Form of ownership

freehold

Ownership interest

100%

Area

41,250m2

Passing rent

£19m

Let by income

99%

retail_st_davids_170x100.jpg
st_davids_170px.gif

4. St. Davids

This is now the dominant shopping centre in Cardiff. Having opened in October 2009, visitor numbers reached 20 million within its first six months and a further 40 stores have opened since launch.

Principal occupiers

John Lewis, New Look, H&M

Acquisition date

1993

Completion

October 2009

Form of ownership

leasehold

Ownership interest

50%

Area

130,060m2

Passing rent

£12m

Let by income

74%

retail_the_centre_170x100.jpg
the-centre_170px.gif

5. The Centre

Recently extended through a £130m development. The Centre is home to more than 155 shops and five new restaurants. It is divided into distinct zones, each with its own character style.

Principal occupiers

Debenhams, Marks & Spencer, Bhs

Acquisition date

1973

Completion

Phase 1: Sept 1976
Phase 2: Aug 1996
Phase 3: Oct 2008

Form of ownership

freehold

Ownership interest

100%

Area

88,260m2

Passing rent

£15m

Let by income

92%

  1. A proportion of this income is paid in ground rent.
  2. Refers to Land Securities’ share of total passing rent.
  3. May include units in administration where lease has not been surrendered.
 

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