This is the archive webcast of the presentation at 10.00 on Thursday, 26 February 2026
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Annual Results 2025
Contents
Introduction & overview - Paul Williams
Strong foundation with compelling growth drivers
Solid results and strong start to 2026
Springboard for growth
Strategic update & financial outlook - Emily Prideaux & Damian Wisniewski
Returns focused immediate action plan
Returns focused immediate action plan
Driving sustained value creation for our shareholders
Earnings expected to grow 25% to 30% by 2030
Positive medium-term TAR outlook
Financial review - Damian Wisniewski
Financial highlights 2025
EPRA NTA movement
Valuation
EPRA earnings
Gross rental income growth of £3.5m
Investing in regeneration projects
Build-up of portfolio ERV (net effective basis)
Substantial refinancing delivered
Debt summary
London market update - Emily Prideaux
London: Europe’s business capital built for global business
The London occupational office market
Occupier drivers
Investment liquidity recovering across London
Operational performance - Emily Prideaux
Capital recycling
Strong leasing activity
A record year for asset management
Developments
Major projects
50 Baker Street W1
Maximising value
Outlook - Paul Williams
Outlook
Q&A
Q&A
Q&A
Q&A
Q&A
Q&A
Q&A
Q&A
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