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Half Yearly Report 2008
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Retail Portfolio review

  • Income from portfolio increased 4% on the like-for-like portfolio*
  • Voids marginally up at 4.2% on the like-for-like portfolio* (4.1% at 31 March 2008)
  • Cabot Circus, Bristol, successfully opened over 90% let and one million shoppers attracted in first 10 days

* Excluding development pipeline properties

Our retail business represents 45.6% of the combined portfolio by value, and includes 27 shopping centres and 26 retail parks. With approximately 1,600 occupiers and 1.7 million sq m of retail accommodation, the Retail Portfolio has a share of the UK’s retail property market of some 5%.

Richard Akers,
Managing Director

Richard Akers
“We continue to focus on being the partner of choice for retailers and this was reflected in the success of our openings at Bristol and Livingston.”