Results & Reports

Preliminary Results 2012
Slides
Search
Documents
Loading the player ...

Speaker:

Speakers
Results 2012Results 2012
ContentsContents
IntroductionIntroduction
Highlights 2012Highlights 2012
Good demand for our spaceGood demand for our space
Excellent progress on our developmentsExcellent progress on our developments
Further recycling activityFurther recycling activity
Results and financial reviewResults and financial review
Headline numbersHeadline numbers
Group balance sheetGroup balance sheet
EPRA NAV movementEPRA NAV movement
EPRA profit before taxEPRA profit before tax
Gross property incomeGross property income
Property outgoings and EPRA like-for-like rental incomeProperty outgoings and EPRA like-for-like rental income
CashflowCashflow
Debt summaryDebt summary
Debt facilities, covenants and gearingDebt facilities, covenants and gearing
Liability risk managementLiability risk management
Valuation and portfolio analysisValuation and portfolio analysis
ValuationValuation
ValuationValuation
Yields and incomeYields and income
Rental valueRental value
Vacancy ratesVacancy rates
Lease expiries and breaksLease expiries and breaks
Low average office rentsLow average office rents
Lettings and asset managementLettings and asset management
4 & 10 Pentonville Road N14 & 10 Pentonville Road N1
1 Page Street SW11 Page Street SW1
Buckley Building EC1Buckley Building EC1
55-65 North Wharf Road W255-65 North Wharf Road W2
55-65 North Wharf Road W2255-65 North Wharf Road W22
1-5 Grosvenor Place SW11-5 Grosvenor Place SW1
132-142 Hampstead Road NW1132-142 Hampstead Road NW1
Acquisitions and disposalsAcquisitions and disposals
Acquisitions in 2012Acquisitions in 2012
25 and 29 Berners Street W125 and 29 Berners Street W1
25 and 29 Berners Street W125 and 29 Berners Street W1
9 and 16 Prescot Street E19 and 16 Prescot Street E1
Francis House, 11 Francis Street SW1Francis House, 11 Francis Street SW1
Disposals in 2012Disposals in 2012
Commercial Road E1Commercial Road E1
ProjectsProjects
Creating tomorrow’s space todayCreating tomorrow’s space today
Turnmill EC1Turnmill EC1
Turnmill EC1Turnmill EC1
Turnmill EC1Turnmill EC1
40 Chancery Lane WC240 Chancery Lane WC2
40 Chancery Lane WC240 Chancery Lane WC2
40 Chancery Lane WC240 Chancery Lane WC2
1-2 Stephen Street W1 & 18-30 Tottenham Court Road W11-2 Stephen Street W1 & 18-30 Tottenham Court Road W1
1-2 Stephen Street W11-2 Stephen Street W1
18-30 Tottenham Court Road W118-30 Tottenham Court Road W1
2013 starts: 80 Charlotte Street W12013 starts: 80 Charlotte Street W1
80 Charlotte Street W180 Charlotte Street W1
80 Charlotte Street W180 Charlotte Street W1
White Collar Factory EC1White Collar Factory EC1
White Collar Factory EC1White Collar Factory EC1
White Collar Factory EC1White Collar Factory EC1
Outlook for central London propertyOutlook for central London property
West End office supplyWest End office supply
West End office demandWest End office demand
London’s Tech BeltLondon’s Tech Belt
London’s Tech BeltLondon’s Tech Belt
Central London office investment marketCentral London office investment market
Outlook for Derwent LondonOutlook for Derwent London
On-site development projectsOn-site development projects
2013 project starts2013 project starts
Platform for growthPlatform for growth
Outlook for 2013Outlook for 2013
Potential delivery 2013-20Potential delivery 2013-20
Questions and AnswersQuestions and Answers
Results 2012
Results 2012
Contents
Contents
Introduction
Introduction
Highlights 2012
Highlights 2012
Good demand for our space
Good demand for our space
Excellent progress on our developments
Excellent progress on our developments
Further recycling activity
Further recycling activity
Results and financial review
Results and financial review
Headline numbers
Headline numbers
Group balance sheet
Group balance sheet
EPRA NAV movement
EPRA NAV movement
EPRA profit before tax
EPRA profit before tax
Gross property income
Gross property income
Property outgoings and EPRA like-for-like rental income
Property outgoings and EPRA like-for-like rental income
Cashflow
Cashflow
Debt summary
Debt summary
Debt facilities, covenants and gearing
Debt facilities, covenants and gearing
Liability risk management
Liability risk management
Valuation and portfolio analysis
Valuation and portfolio analysis
Valuation
Valuation
Valuation
Valuation
Yields and income
Yields and income
Rental value
Rental value
Vacancy rates
Vacancy rates
Lease expiries and breaks
Lease expiries and breaks
Low average office rents
Low average office rents
Lettings and asset management
Lettings and asset management
4 & 10 Pentonville Road N1
4 & 10 Pentonville Road N1
1 Page Street SW1
1 Page Street SW1
Buckley Building EC1
Buckley Building EC1
55-65 North Wharf Road W2
55-65 North Wharf Road W2
55-65 North Wharf Road W22
55-65 North Wharf Road W22
1-5 Grosvenor Place SW1
1-5 Grosvenor Place SW1
132-142 Hampstead Road NW1
132-142 Hampstead Road NW1
Acquisitions and disposals
Acquisitions and disposals
Acquisitions in 2012
Acquisitions in 2012
25 and 29 Berners Street W1
25 and 29 Berners Street W1
25 and 29 Berners Street W1
25 and 29 Berners Street W1
9 and 16 Prescot Street E1
9 and 16 Prescot Street E1
Francis House, 11 Francis Street SW1
Francis House, 11 Francis Street SW1
Disposals in 2012
Disposals in 2012
Commercial Road E1
Commercial Road E1
Projects
Projects
Creating tomorrow’s space today
Creating tomorrow’s space today
Turnmill EC1
Turnmill EC1
Turnmill EC1
Turnmill EC1
Turnmill EC1
Turnmill EC1
40 Chancery Lane WC2
40 Chancery Lane WC2
40 Chancery Lane WC2
40 Chancery Lane WC2
40 Chancery Lane WC2
40 Chancery Lane WC2
1-2 Stephen Street W1 & 18-30 Tottenham Court Road W1
1-2 Stephen Street W1 & 18-30 Tottenham Court Road W1
1-2 Stephen Street W1
1-2 Stephen Street W1
18-30 Tottenham Court Road W1
18-30 Tottenham Court Road W1
2013 starts: 80 Charlotte Street W1
2013 starts: 80 Charlotte Street W1
80 Charlotte Street W1
80 Charlotte Street W1
80 Charlotte Street W1
80 Charlotte Street W1
White Collar Factory EC1
White Collar Factory EC1
White Collar Factory EC1
White Collar Factory EC1
White Collar Factory EC1
White Collar Factory EC1
Outlook for central London property
Outlook for central London property
West End office supply
West End office supply
West End office demand
West End office demand
London’s Tech Belt
London’s Tech Belt
London’s Tech Belt
London’s Tech Belt
Central London office investment market
Central London office investment market
Outlook for Derwent London
Outlook for Derwent London
On-site development projects
On-site development projects
2013 project starts
2013 project starts
Platform for growth
Platform for growth
Outlook for 2013
Outlook for 2013
Potential delivery 2013-20
Potential delivery 2013-20
Questions and Answers
Questions and Answers