Results & Reports

Interim Results 2015
Slides
Search
Documents
Loading the player ...

Speaker:

Speakers
INTERIM RESULTS 2015INTERIM RESULTS 2015
CONTENTSCONTENTS
INTRODUCTION AND OVERVIEWINTRODUCTION AND OVERVIEW
HIGHLIGHTSHIGHLIGHTS
2015 - SET TO BE A RECORD YEAR FOR LETTINGS2015 - SET TO BE A RECORD YEAR FOR LETTINGS
LETTINGS YEAR TO DATELETTINGS YEAR TO DATE
DEVELOPMENT OPPORTUNITIESDEVELOPMENT OPPORTUNITIES
IMPACT OF POTENTIAL DEVELOPMENTS ON OUR INCOMEIMPACT OF POTENTIAL DEVELOPMENTS ON OUR INCOME
ACQUISITION OPPORTUNITIESACQUISITION OPPORTUNITIES
CHANGING FACE OF LONDONCHANGING FACE OF LONDON
RESULTS AND FINANCIAL REVIEWRESULTS AND FINANCIAL REVIEW
HEADLINE NUMBERSHEADLINE NUMBERS
NAV GROWTHNAV GROWTH
EPRA NAV MOVEMENTEPRA NAV MOVEMENT
EPRA PROFIT BEFORE TAXEPRA PROFIT BEFORE TAX
GROSS PROPERTY INCOMEGROSS PROPERTY INCOME
PROPERTY OUTGOINGS,  EPRA RENTAL INCOME & COST RATIOSPROPERTY OUTGOINGS, EPRA RENTAL INCOME & COST RATIOS
CASH FLOWCASH FLOW
PROFORMA IMPACT OF MAJOR PROJECTSPROFORMA IMPACT OF MAJOR PROJECTS
DEBT SUMMARYDEBT SUMMARY
DEBT FACILITIESDEBT FACILITIES
VALUATION AND PORTFOLIO ANALYSISVALUATION AND PORTFOLIO ANALYSIS
VALUATIONVALUATION
VALUATION DRIVERS AND  PERFORMANCEVALUATION DRIVERS AND PERFORMANCE
RENTAL GROWTHRENTAL GROWTH
MOVEMENT IN YIELDSMOVEMENT IN YIELDS
CONTEXT TO YIELD MOVEMENTCONTEXT TO YIELD MOVEMENT
REVERSION AND  RENTAL VALUESREVERSION AND RENTAL VALUES
PROJECTSPROJECTS
OPPORTUNITIES ACROSS THE  PORTFOLIOOPPORTUNITIES ACROSS THE PORTFOLIO
DELIVERING OUR PIPELINE1DELIVERING OUR PIPELINE1
REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1
REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1
MAKING GOOD PROGRESS AT WHITE COLLAR FACTORY EC1MAKING GOOD PROGRESS AT WHITE COLLAR FACTORY EC1
ON SITE:  THE COPYRIGHT BUILDING, 30 BERNERS STREET W1ON SITE: THE COPYRIGHT BUILDING, 30 BERNERS STREET W1
MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1
MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1
MAJOR 2016 COMMENCEMENT: BRUNEL BUILDING W2MAJOR 2016 COMMENCEMENT: BRUNEL BUILDING W2
PLANNING SUCCESS – WEDGE HOUSE SE1PLANNING SUCCESS – WEDGE HOUSE SE1
ADVANCING OUR PROJECTS - 1 OXFORD STREET W1ADVANCING OUR PROJECTS - 1 OXFORD STREET W1
FUTURE DEVELOPMENT - 19-35 BAKER STREET W1FUTURE DEVELOPMENT - 19-35 BAKER STREET W1
OUTLOOK FOR CENTRAL LONDON PROPERTYOUTLOOK FOR CENTRAL LONDON PROPERTY
CONSTRUCTION COSTSCONSTRUCTION COSTS
CENTRAL LONDON OFFICE SUPPLYCENTRAL LONDON OFFICE SUPPLY
CENTRAL LONDON OFFICE DEMANDCENTRAL LONDON OFFICE DEMAND
CENTRAL  LONDON OFFICE INVESTMENT MARKETCENTRAL LONDON OFFICE INVESTMENT MARKET
OUTLOOK FOR DERWENT LONDONOUTLOOK FOR DERWENT LONDON
OUTLOOKOUTLOOK
Question 1Question 1
Question 2Question 2
Question 4Question 4
Question 3Question 3
Question 5Question 5
INTERIM RESULTS 2015
INTERIM RESULTS 2015
CONTENTS
CONTENTS
INTRODUCTION AND OVERVIEW
INTRODUCTION AND OVERVIEW
HIGHLIGHTS
HIGHLIGHTS
2015 - SET TO BE A RECORD YEAR FOR LETTINGS
2015 - SET TO BE A RECORD YEAR FOR LETTINGS
LETTINGS YEAR TO DATE
LETTINGS YEAR TO DATE
DEVELOPMENT OPPORTUNITIES
DEVELOPMENT OPPORTUNITIES
IMPACT OF POTENTIAL DEVELOPMENTS ON OUR INCOME
IMPACT OF POTENTIAL DEVELOPMENTS ON OUR INCOME
ACQUISITION OPPORTUNITIES
ACQUISITION OPPORTUNITIES
CHANGING FACE OF LONDON
CHANGING FACE OF LONDON
RESULTS AND FINANCIAL REVIEW
RESULTS AND FINANCIAL REVIEW
HEADLINE NUMBERS
HEADLINE NUMBERS
NAV GROWTH
NAV GROWTH
EPRA NAV MOVEMENT
EPRA NAV MOVEMENT
EPRA PROFIT BEFORE TAX
EPRA PROFIT BEFORE TAX
GROSS PROPERTY INCOME
GROSS PROPERTY INCOME
PROPERTY OUTGOINGS, EPRA RENTAL INCOME & COST RATIOS
PROPERTY OUTGOINGS,  EPRA RENTAL INCOME & COST RATIOS
CASH FLOW
CASH FLOW
PROFORMA IMPACT OF MAJOR PROJECTS
PROFORMA IMPACT OF MAJOR PROJECTS
DEBT SUMMARY
DEBT SUMMARY
DEBT FACILITIES
DEBT FACILITIES
VALUATION AND PORTFOLIO ANALYSIS
VALUATION AND PORTFOLIO ANALYSIS
VALUATION
VALUATION
VALUATION DRIVERS AND PERFORMANCE
VALUATION DRIVERS AND  PERFORMANCE
RENTAL GROWTH
RENTAL GROWTH
MOVEMENT IN YIELDS
MOVEMENT IN YIELDS
CONTEXT TO YIELD MOVEMENT
CONTEXT TO YIELD MOVEMENT
REVERSION AND RENTAL VALUES
REVERSION AND  RENTAL VALUES
PROJECTS
PROJECTS
OPPORTUNITIES ACROSS THE PORTFOLIO
OPPORTUNITIES ACROSS THE  PORTFOLIO
DELIVERING OUR PIPELINE1
DELIVERING OUR PIPELINE1
REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1
REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1
REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1
REGENERATING FITZROVIA - TOTTENHAM COURT WALK W1
MAKING GOOD PROGRESS AT WHITE COLLAR FACTORY EC1
MAKING GOOD PROGRESS AT WHITE COLLAR FACTORY EC1
ON SITE: THE COPYRIGHT BUILDING, 30 BERNERS STREET W1
ON SITE:  THE COPYRIGHT BUILDING, 30 BERNERS STREET W1
MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1
MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1
MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1
MAJOR 2015 COMMENCEMENT: 80 CHARLOTTE STREET W1
MAJOR 2016 COMMENCEMENT: BRUNEL BUILDING W2
MAJOR 2016 COMMENCEMENT: BRUNEL BUILDING W2
PLANNING SUCCESS – WEDGE HOUSE SE1
PLANNING SUCCESS – WEDGE HOUSE SE1
ADVANCING OUR PROJECTS - 1 OXFORD STREET W1
ADVANCING OUR PROJECTS - 1 OXFORD STREET W1
FUTURE DEVELOPMENT - 19-35 BAKER STREET W1
FUTURE DEVELOPMENT - 19-35 BAKER STREET W1
OUTLOOK FOR CENTRAL LONDON PROPERTY
OUTLOOK FOR CENTRAL LONDON PROPERTY
CONSTRUCTION COSTS
CONSTRUCTION COSTS
CENTRAL LONDON OFFICE SUPPLY
CENTRAL LONDON OFFICE SUPPLY
CENTRAL LONDON OFFICE DEMAND
CENTRAL LONDON OFFICE DEMAND
CENTRAL LONDON OFFICE INVESTMENT MARKET
CENTRAL  LONDON OFFICE INVESTMENT MARKET
OUTLOOK FOR DERWENT LONDON
OUTLOOK FOR DERWENT LONDON
OUTLOOK
OUTLOOK
Question 1
Question 1
Question 2
Question 2
Question 4
Question 4
Question 3
Question 3
Question 5
Question 5