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KEY FACTS & FIGURES

Total property value
£1.6 billion
Property valuation uplift on a like-for-like basis
9.2%
Property loan-to-value (LTV)
29%
Net rental income
£69 million
Occupancy levels across the Group, EPRA adjusted
94.3%
EPRA adjusted and diluted NAV per share
166p
Total shareholder return
23.6%

Note: All figures relate to the year ending 31 December 2011.

The 2011 Monthly Highlights

January

Representations submitted to the Mayor’s draft Replacement London Plan for the Earls Court & West Kensington Opportunity Area (ECOA)

February

Masterplanner selection competition initiated for the ECOA

March

Demerger announced
Ideal Home Show attracts more than quarter of a million visitors

April

Balthazar agrees lease in Covent Garden

May

Demerger completed
Terry Farrell & Partners appointed as ECOA masterplanner
ECOA landowners renew collaboration agreement

July

ECOA statement of common ground with Royal Borough of Kensington & Chelsea for their core strategy
Burberry agrees lease in Covent Garden
Kurt Geiger opens in Covent Garden

August

Apple opens in Covent Garden
Whistles opens new store in Covent Garden
Ladurée agrees lease in Covent Garden

September

Terry Farrell phase 1 concept masterplan completed
Signed statement of common ground with ECOA statutory authorities
Jack Wolfskin opens in Covent Garden

October

Seagrave Road car park sales contract rescinded
Sunglass Hut agrees lease in Covent Garden

November

The Great Capital Partnership refocused
Ralph Lauren wins competitive bid to secure King Street store
Pandora opens in Covent Garden
New corporate office opens at 15 Grosvenor Street

December

London Borough of Hammersmith & Fulham resolves to grant planning and listed building consents for Olympia enhancements
Sir Robert McAlpine appointed for the redevelopment of the West Hall Olympia
Agreed surrender of Ponti’s lease in Covent Garden