British Land - Annual Report & Accounts 2003
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Portfolio Analysis
as at 31 March 2003

Portfolio Valuation by use Group
£m
JVs†
£m
Total
£m
Portfolio
%
Change*
%

Offices
City 2,949.4 236.8 3,186.2 33.0 (6.4)
West End 575.8 38.2 614.0 6.4 (0.9)
Business parks & Provincial 103.9 72.7 176.6 1.8 (0.3)
Development 507.5 65.4 572.9 6.0 (11.3)

All offices 4,136.6 413.1 4,549.7 47.2 (6.1)
 
Retail
Shopping centres 1,739.1 114.5 1,853.6 19.2 3.3
Supermarkets 1,061.8 206.1 1,267.9 13.2 11.0
Retail warehouses 743.1 321.9 1,065.0 11.0 11.7
Shops 89.7 298.3 388.0 4.0 11.7
Development 19.2 0.7 19.9 0.2 2.9

All retail 3,652.9 941.5 4,594.4 47.6 7.9
           
Industrial and distribution 257.4 17.3 164.7 1.7 5.3
Residential 213.5 2.5 216.0 2.2 4.7
Leisure 76.1 35.6 111.7 1.2 6.6
Other development 9.1 9.1 0.1

Total 8,235.6 1,410.0 9,645.6 100.0 0.7


† British Land’s share.
* After adjustment for purchases, sales and capital expenditure.


Total funds under British Land property management over £11 billion (after sales of £612 million this year) including partners’ share of joint ventures.

Portfolio Valuation by Location Total
£m
Portfolio
%

London
City 3,608.0 37.4
West End 670.0 7.0
Greater London 518.6 5.4

Total London 4,796.6 49.8
     
South East England 1,023.2 10.6
Wales and South West England 506.2 5.2
Midlands and East Anglia 748.1 7.8
North of England 2,071.5 21.5
Scotland and Northern Ireland 379.3 3.9
Republic of Ireland 120.7 1.2

4,849.0 50.2

Total 9,645.6 100.0



 

 

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