Financial Review
Portfolio Analysis
|
|
Portfolio Analysis
as at March 2004
| Portfolio valuation by use |
|
Group
£m |
|
JVs†
£m |
|
Total
£m |
|
Portfolio
% |
|
Change*
% |
|
| Offices |
|
|
|
|
|
|
|
|
|
|
| City |
|
2,894.5 |
|
184.2 |
|
3,078.7 |
|
28.9 |
|
(5.2) |
| West End |
|
640.2 |
|
30.9 |
|
671.1 |
|
6.3 |
|
1.5 |
| Business parks & provincial |
|
235.9 |
|
8.2 |
|
244.1 |
|
2.3 |
|
8.2 |
| Development |
|
621.3 |
|
4.3 |
|
625.6 |
|
5.9 |
|
(1.8) |
|
| All offices |
|
4,391.9 |
|
227.6 |
|
4,619.5 |
|
43.4 |
|
(3.2) |
| |
| Retail |
|
|
|
|
|
|
|
|
|
|
| Shopping centres |
|
1,693.8 |
|
365.7 |
|
2,059.5 |
|
19.4 |
|
8.3 |
| Supermarkets |
|
1,320.1 |
|
175.1 |
|
1,495.2 |
|
14.0 |
|
15.1 |
| Retail warehouses |
|
1,159.2 |
|
234.0 |
|
1,393.2 |
|
13.1 |
|
15.1 |
| Shops |
|
390.1 |
|
151.3 |
|
541.4 |
|
5.1 |
|
14.9 |
| Development |
|
19.9 |
|
0.2 |
|
20.1 |
|
0.2 |
|
3.0 |
|
| All retail |
|
4,583.1 |
|
926.3 |
|
5,509.4 |
|
51.8 |
|
12.4 |
| |
| Industrial and distribution |
|
159.9 |
|
17.8 |
|
177.7 |
|
1.7 |
|
8.3 |
| Residential |
|
224.5 |
|
4.4 |
|
228.9 |
|
2.1 |
|
3.5 |
| Leisure |
|
53.7 |
|
21.4 |
|
75.1 |
|
0.7 |
|
3.1 |
| Other development |
|
|
|
28.8 |
|
28.8 |
|
0.3 |
|
4.8 |
|
| Total |
|
9,413.1 |
|
1,226.3 |
|
10,639.4 |
|
100.0 |
|
4.7 |
|
† British Land’s share.
* Including developments, purchases and capital expenditure, and excluding sales. |
Total funds under British Land management £11.9 billion, including partners’ share of joint ventures.
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| Portfolio valuation by location |
|
Total
£m |
|
Portfolio
% |
|
| London: |
|
|
|
|
| City |
|
3,719.4 |
|
35.0 |
| West End |
|
730.0 |
|
6.9 |
| Greater London |
|
628.2 |
|
5.9 |
|
| Total London |
|
5,077.6 |
|
47.8 |
| |
| South East England |
|
1,047.6 |
|
9.8 |
| Wales & South West England |
|
579.5 |
|
5.4 |
| Midlands & East Anglia |
|
1,016.1 |
|
9.6 |
| North of England |
|
2,352.3 |
|
22.1 |
| Scotland & Northern Ireland |
|
524.5 |
|
4.9 |
| Republic of Ireland |
|
41.8 |
|
0.4 |
|
|
|
|
|
|
|
5,561.8 |
|
52.2 |
|
| Total |
|
10,639.4 |
|
100.0 |
|
Portfolio split by value
Total portfolio: £10,639m
d
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