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Half Yearly Report 2008
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London Portfolio review

  • Income* up £12.7m to £171.8m as successful developments come on stream
  • Sales of £151.8m at an average of 0.5% below March 2008 valuation (before disposal costs)
  • 10 Eastbourne Terrace, W2 development completed and 100% let

*Excluding joint ventures

Our London Portfolio represents 54.4% of our overall investment portfolio by value. This one million sq m London Portfolio represents a 4.8% share of London’s total office accommodation. We currently have over 500 occupiers in our London Portfolio accommodating more than 50,000 people.

Mike Hussey,
Managing Director

Mike Hussey
“We continue to benefit from a broad customer base with a solid income stream. With relatively little space coming on the market in the next two years our development pipeline is well matched to the cycle.”