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PROPERTY ANALYSIS > United Kingdom |
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property analysis United kingdom |
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Slough Trading Estate, Slough
Voyager Park, Portsmouth |
Winnersh Triangle, Reading
Heywood Distribution Park, Manchester |
Nimbus Park, Doncaster (HelioSlough)
Thales redevelopment, London Road, Crawley |
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| Completed Investment Properties* |
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Rental data |
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Valuation data |
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Lettable
space
(sq m) |
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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
(%) |
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| Slough Trading Estate |
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682,439 |
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65.9 |
79.9 |
8.4 |
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1,254.3 |
36.3 |
(136.3) |
(9.8) |
5.3 |
6.0 |
| London Markets |
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620,852 |
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44.2 |
54.1 |
11.2 |
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828.2 |
24.0 |
(60.0) |
(6.8) |
5.3 |
5.7 |
| National Markets |
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1,245,691 |
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68.9 |
89.1 |
12.1 |
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1,267.3 |
36.7 |
(164.4) |
(11.5) |
5.4 |
6.3 |
| Colnbrook JV (50%) |
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7,613 |
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1.3 |
1.3 |
0.0 |
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16.8 |
0.4 |
0.7 |
4.3 |
7.7 |
7.5 |
| Tesco JV (50%) |
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22,407 |
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4.5 |
5.5 |
0.0 |
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89.0 |
2.6 |
(1.8) |
(2.0) |
5.1 |
5.7 |
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| Total |
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2,579,002 |
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184.8 |
229.9 |
10.8 |
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3,455.6 |
100.0 |
(361.8) |
(9.5) |
5.3 |
6.1 |
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| Largest Holdings* |
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Rental data |
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Valuation data |
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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
(%) |
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| Slough Trading Estate |
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682,439 |
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65.9 |
79.9 |
8.4 |
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1,254.3 |
36.3 |
(136.3) |
(9.8) |
5.3 |
6.0 |
| Reading - Winnersh Triangle |
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113,942 |
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14.7 |
14.8 |
4.7 |
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214.0 |
6.2 |
(46.2) |
(17.8) |
6.9 |
6.7 |
| Manchester - Heywood Distribution Park |
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246,622 |
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8.9 |
11.5 |
8.1 |
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175.4 |
5.1 |
(15.1) |
(7.9) |
5.1 |
6.3 |
| Feltham - North Feltham Trading Estate |
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79,604 |
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7.8 |
11.5 |
17.7 |
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153.4 |
4.4 |
(11.7) |
(7.1) |
5.1 |
5.6 |
| Dunstable - Woodside |
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141,868 |
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7.2 |
8.7 |
7.8 |
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116.0 |
3.4 |
(18.8) |
(13.9) |
6.2 |
6.8 |
| Portsmouth - Mitchell Way, Motor Park, Railway Triangle, Voyager Park & Merlin Park |
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69,608 |
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4.2 |
6.0 |
13.8 |
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82.1 |
2.4 |
(10.0) |
(10.9) |
5.1 |
5.9 |
| Crawley - London Road |
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59,891 |
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1.0 |
5.9 |
0.0 |
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95.0 |
2.7 |
(4.3) |
(4.3) |
1.1 |
5.2 |
| Birmingham - Kings Norton Business Park |
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74,641 |
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4.8 |
5.5 |
9.8 |
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84.1 |
2.4 |
(9.9) |
(10.5) |
5.7 |
5.9 |
| Tesco JV (50%) |
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22,407 |
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4.5 |
5.5 |
0.0 |
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89.0 |
2.6 |
(1.8) |
(2.0) |
5.1 |
5.7 |
| Cardiff - Treforest Industrial Estate |
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96,146 |
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3.4 |
4.6 |
25.3 |
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58.8 |
1.7 |
(8.2) |
(12.2) |
5.8 |
6.8 |
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| Total |
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1,587,168 |
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122.4 |
153.9 |
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2,322.1 |
67.2 |
(262.3) |
(10.1) |
5.3 |
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| Largest customers |
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Annual Rent
(£m) |
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| Tesco plc - Hatfield; Rotherhithe; York |
6.7 |
| Thales - Crawley |
5.9 |
| Mars UK Limited - Slough Trading Estate; Winnersh Triangle |
5.5 |
| O2 (UK) Limited - Slough Trading Estate; Rotherhithe; Dunstable |
3.7 |
| UCB SA - Slough Trading Estate |
3.6 |
| Heathrow Airports Limited - Colnbrook |
2.5 |
| Argos Limited - Heywood Distribution Park, Manchester; Slough Trading Estate |
2.2 |
| Kingfisher Plc - Slough Trading Estate; Park Royal; Luton |
2.1 |
| Next Group plc - Heywood Distribution Park, Manchester; Slough Trading Estate |
2.0 |
| Lonza Biologicals plc - Slough Trading Estate; Winnersh Triangle |
1.8 |
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| * |
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. |
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| 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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