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  PROPERTY PORTFOLIO > Property analysis - Continental Europe  
 
   
  property analysis Continental europe
 
     
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Neu-Markt, Germany
Krefeld, Germany
Kormorniki, Poznan, Poland
Frankfurt, Germany
Marly La Ville, Paris, France
Rumst, Antwerp, Belgium
 
     
 
Completed Investment Properties*
        Rental data*   Valuation data*




    Lettable
space
(sq m)
  Passing
rent at
year end
(£m)
Market
rental
value
(ERV) at
year end
(£m)
Vacancy
rate by
space
(%)
  Valuation
at end
year
(£m)
Valuation
percentage
of total
(%)
Valuation
surplus/
(deficit)
(£m)
Valuation
surplus/
(deficit)
(%)
Initial
yield
(%)
Equivalent
yield
(%)

France   473,505   19.8 18.9 3.9   284.0 30.5 14.5 5.4 7.0 7.1
Germany   530,053   17.0 23.5 3.5   220.2 23.6 8.3 3.9 6.7 7.5
Belgium   166,423   13.3 17.8 19.0   209.9 22.5 11.4 5.7 6.3 6.7
The Netherlands   88,013   3.9 4.2 1.0   50.6 5.4 0.4 0.8 7.7 6.9
Italy   68,422   4.9 4.9 0.0   67.8 7.3 0.0 0.0 7.2 6.3
Spain   1,996   0.1 0.1 0.0   1.1 0.1 0.0 0.0 8.2 6.5
Central Europe   230,137   5.7 7.1 9.2   98.9 10.6 19.7 24.9 5.8 6.9

Total   1,558,549   64.7 76.5 5.9   932.5 100.0 54.3 6.2 6.9 7.0

 
Largest Holdings*
        Rental data*   Valuation data




    Lettable
space
(sq m)
  Passing
rent at
year end
(£m)
Market
rental
value
(ERV) at
year end
(£m)
Vacancy
rate by
space
(%)
  Valuation
at end
year
(£m)
Valuation
percentage
of total
(%)
Valuation
surplus/
(deficit)
(£m)
Valuation
surplus/
(deficit)
(%)
Initial
yield
(%)
Equivalent
yield
(%)

Germany – Frankfurt   325,871   12.4 1.5 153.6   153.6 16.5 2.8 1.9 7.8 7.0
Belgium – Pegasus Park   79,623   10.2 21.5 145.5   145.5 15.6 11.4 8.5 6.0 6.7
Italy – Vimercate   68,422   4.9 0.0 72.4   72.4 7.8 0.0 0.0 6.8 6.5
France – Marly La Ville, Paris   97,730   4.6 0.0 51.2   51.2 5.5 2.8 5.8 8.0 7.0
Poland – Lodz   111,279   3.1 0.0 43.3   43.3 4.6 9.4 27.7 6.0 6.7
France – Le Blanc Mesnil, Paris   25,926   2.4 0.0 26.8   26.8 2.9 4.4 19.6 6.7 6.8
Poland – Kormorniki, Poznan   74,884   2.4 13.7 33.4   33.4 3.6 6.0 21.9 5.7 6.7
France – Cergy Pontoise   51,645   2.0 0.0 51.5   51.5 5.5 4.9 10.5 4.1 7.0
Germany – Nuremberg   54,650   2.0 0.0 26.1   26.1 2.8 1.6 6.5 8.4 6.8
Czech Republic – Tulipan Park, Prague   27,851   1.5 39.5 15.4   15.4 1.7 3.5 29.4 4.5 7.2
France – La Courneuve, Paris   52,861   1.1 0.0 17.3   17.3 1.9 0.8 4.8 6.4 7.5

Total   970,742   42.1 46.6 4.5   636.5 68.3 47.6 8.1 6.6  

 
Largest customers
  Annual Rent
(£m)

Neckermann.de GmbH – Alzenau and Frankfurt, Germany 10.4
DHL – Across Belgium, France and The Netherlands 8.5
Antalis – Across France, Belgium, Italy, Spain, Germany and Portugal 5.5
KarstadtQuelle – Germany 5.0
Alcatel – Vimercate, Italy 4.6
Cisco – Pegasus Park, Belgium 4.5
Geodis Logistics – Cergy Pontoise and Marly La Ville, France 1.9
Conforama – Colombes, France 1.4
Corning – Lodz, Poland 1.3
Conseil Générale Hts Seine – Nanterre, France 1.2

 
* All completed investment properties at year end, including the Group's share of of joint ventures' properties. Excludes land held for investment and properties for own occupation.
 
The above information is a summary or our major holdings at the year end. Details of all holdings can be found in the SEGRO Property Analysis, in the Investors section of our website.
 
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