Savills Plc Annual Report & Accounts 2020 Savills Plc | Annual Report and Accounts 2020

Total Page:16

File Type:pdf, Size:1020Kb

Savills Plc Annual Report & Accounts 2020 Savills Plc | Annual Report and Accounts 2020 Savills plc Annual Report & Accounts 2020 Savills plc | Annual Report and Accounts 2020 Our vision To be the property partner of choice for private, institutional and corporate clients seeking to acquire, manage, lease, develop or realise the value of prime residential and commercial property in the world’s key locations. Culture and values Savills has a strong and well embedded culture, founded on an entrepreneurial approach and underpinned by our values and operational standards. We recognise our responsibility as a global corporate citizen and we are committed to doing the right thing in the right way. OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS 01 Our values Pride in Take an Help our people Always act everything entrepreneurial fulfil their true with integrity we do approach to potential business Group highlights Revenue Breadth of service Statutory profit Statutory earnings (non-transactional) after tax per share £1,741m 62% £68.0m 49.0p (2019: £1,913m*) (2019: 57%) (2019: £83.6m) (2019: 60.6p) Underlying profit** Operating cash Underlying profit Property under generation margin** management (sq. ft.) £96.6m £248.6m 5.6% 2.3bn (2019: £143.4m) (2019: £95.4m) (2019: 7.5%*) (2019: 2.3bn) Underlying earnings Assets under Statutory pre-tax Geographical per share** management profit margin spread (% non-UK) 56.8p €21.1bn 4.8% 59% (2019: 78.0p) (2019: €20.8bn) (2019: 6.0%) (2019: 62%) * See Note 2.29 for details on the prior year restatement of revenue. ** Underlying profit is calculated by adjusting reported pre-tax profit for profit/loss on disposals, share-based payment adjustments, amortisation of acquired intangible assets (excluding software), significant restructuring costs, acquisition- related costs and other items that are considered exceptional by size or nature. Refer to Note 2.3 to the financial statements for further explanation of underlying profit measures. Overview Strategic Report Governance Financial Statements 01 Group highlights 04 Chairman’s statement 62 Corporate Governance 122 Independent Auditors’ 02 Savills at a glance 08 Our business explained Statement Report 10 Market insights 62 Chairman’s introduction 132 Consolidated income statement 16 Key Performance 64 Board of Directors Indicators 68 Group Executive Board 133 Consolidated statement of comprehensive 18 Chief Executive’s review 72 Corporate Governance income 26 Chief Financial Officer’s 83 Audit, Risk and Internal Consolidated and review Control 134 Company statements of 30 Principal and emerging 84 Audit Committee financial position risks and uncertainties Report Consolidated statement facing the business 135 92 Directors’ Remuneration of changes in equity 39 Viability statement Report 136 Company statement of 40 Stakeholder 117 Directors’ Report changes in equity engagement with s.172 Statement of Directors’ 121 137 Consolidated and 45 Responsible business responsibilities Company statements of 61 Non-financial in respect of the cash flows information statement financial statements 138 Notes to the financial 2020 See more online at statements https://ir.savills.com 215 Shareholder information 02 Savills plc | Annual Report and Accounts 2020 Savills at a glance Offices and associates 600+ Staff Savills is a c.39,000 global real estate services provider listed on the London Stock Exchange. OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS 03 Our services Savills is a global real estate services provider listed on the London Stock Exchange. We have an international network of over 600 offices and associates and circa 39,000 staff throughout the Americas, the UK, Continental Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. Transaction Investment Property and Consultancy Advisory Management Facilities Provision of a Management The Transaction Investment wide range of Advisory business management Management professional property stream comprises of commercial of commercial, services including commercial, and residential residential, leisure and valuation, project residential, leisure and property portfolios agricultural property management and agricultural leasing, for institutional, for owners. Provision housing consultancy, tenant representation corporate or private of a comprehensive environmental and investment investors, on a range of services to consultancy, landlord advice on purchases pooled or segregated occupiers of property, and tenant, rating, and sales. account basis. ranging from strategic development, advice through planning, strategic See pages 21 – 23 See page 25 project management projects, corporate to all services relating services and research. to a property. See pages 24 – 25 See pages 23 – 24 Locations North United Europe and the Asia Pacific America Kingdom Middle East 12% 41% 14% 33% of revenue of revenue of revenue of revenue Revenue Revenue Revenue Revenue £213.4m £710.7m £240.7m £575.7m (2019: £293.0m) (2019: £727.5m) (2019: £265.8m*) (2019: £627.1m) Offices Offices Offices Offices 36 129 48 58 (2019: 35) (2019: 134) (2019: 46) (2019: 58) Employees Employees Employees Employees 833 6,939 2,135 29,160 (2019: 825) (2019: 6,388) (2019: 2,032) (2019: 29,912) * See Note 2.29 for details on the prior year restatement of revenue. 04 Savills plc | Annual Report and Accounts 2020 Chairman’s statement Savills performed well in very challenging conditions, by maximising cash flow and focusing on assisting our clients around the globe. Underlying profit £96.6m (2019: £143.4m) Underlying profit margin 5.6% (2019: 7.5%) OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS 05 Results Our UK Residential business The impact of the Against the backdrop of had an extraordinary year; aforementioned factors on the significantly reduced leasing having lost the spring selling Group underlying profit margin and capital transaction volumes season in the first lockdown, were partially offset by lower in all major real estate markets, its recovery was strong and acquisition-related charges the Group’s revenue declined by sustained as buyers sought and restructuring costs and 9% to £1.74bn (2019: £1.91bn*) greater space and amenities. decreased amortisation of with reductions in Transaction Revenues grew by 10% year- intangible assets acquired on Advisory revenues mitigated on-year driven in large part business combinations. The by both share gains in our by the strength of regional statutory pre-tax profit margin major markets and a resilient country markets. In Asia declined to 4.8% (2019: 6.0%). revenue performance from our Pacific, the pandemic closed a number of key markets early COVID-19 impact less Transactional service lines. and response Underlying profit for the year in the year and subsequent Savills has shown considerable declined by 33% to £96.6m actions saw recovery stutter resilience in a year in which the (2019: £143.4m). The Group’s in a number of markets before sector faced many challenges, statutory profit before tax improving towards the year end. particularly to our transactional decreased by 28% to £83.2m Commercial and Residential advisory businesses worldwide. (2019: £115.6m). Transaction Advisory revenues both declined by 25% year-on- The cycle of lockdowns and Overview year in the Asia Pacific region. other measures, such as travel Savills delivered a resilient In both Continental Europe and restrictions, from Q1 2020 had revenue and profit performance the Middle East (‘CEME’) and a significant global impact on in 2020 in the face of North America the decline in the ability and preparedness of challenging market conditions. transaction volumes resulted both investors and occupiers The relative stability of our in losses for the year. In CEME, of real estate to transact. As a less Transactional businesses, Commercial Transaction consequence, in major markets, particularly Property revenues declined by 23% both investment and leasing Management, helped to offset year-on-year. In North America, volumes contracted markedly the impact of material COVID-19 where we are almost wholly compared with 2019 and related declines in transaction focused on corporate occupier previous periods. transactions, we delivered a volumes across the world. The Group was quick to adopt resilient performance (revenue Currency movements had a a number of operational and decline of 30%) against a marginal effect on the Group, financial initiatives to minimise market decline in transaction decreasing revenue by £4.3m the impact of the pandemic volumes of c. 40%. and increasing underlying profit on the business as a whole. and statutory profit before Savills Investment Management Savills strategy was to minimise taxation by £0.1m. had a stronger year than discretionary expenditure while Overall, our Transaction originally anticipated after maintaining our staffing levels Advisory revenue declined by a “supernormal” year of to ensure seamless service to 19%, our Consultancy business performance fees in 2019. A clients around the world. In revenue declined by 5% and our number of important product addition the Board suspended Property Management revenue launches and significant capital distributions to Shareholders grew by 2%. The UK Commercial deployed increased Assets pending greater visibility of Transaction Advisory business Under Management (‘AUM’) future market recovery. The delivered a resilient performance to £19.0bn (2019: £17.7bn). consequence, particularly of retaining our staff, has been with a
Recommended publications
  • Small Offices and Mixed Use in CAZ
    Small Offices and Mixed Use in CAZ Prepared for The GLA 1 By RAMIDUS CONSULTING LIMITED August 2015 Small Offices and Mixed Use in CAZ Contents Page No. Management summary ii 1.0 Introduction 1 1.1 Project background 1.2 Project brief 1.3 Method statement 1.4 Acknowledgements 2.0 Context 6 2.1 Spatial planning 2.2 Commercial office market 2.3 Defining CAZ 2.4 Defining small offices 3.0 Drivers of change 15 3.1 Growth in self-employed businesses 3.2 Change in the occupier market 3.3 A changing business geography 3.4 Small offices and the flexible space market 3.5 Office-to-residential conversion activity 4.0 Occupied stock of small offices 27 4.1 Stock of offices 4.2 Spatial distribution of small units 4.3 The role of multi-let buildings 4.4 Small offices by sector 4.5 Summary 5.0 Trends in demand and supply of small offices 38 5.1 Take-up 5.2 Availability 5.3 Rents 5.4 Summary 6.0 Strategic and local implications of Policy 4.3Bc 48 6.1 Issues and policies for protecting small offices 6.2 Summary 7.0 Implementation of Policy 4.3Aa 53 7.1 Thresholds 7.2 The extent to which housing has been delivered 7.3 Land swaps or packages involving offices and housing 7.4 Mixed use housing credits 7.5 Analysis of development decisions 8.0 The impact of viability on development activity 61 8.1 Overview 8.2 Factors influencing development viability 8.3 Summary 9.0 Conclusions and recommendations 68 9.1 Context 9.2 Providing for small offices 9.3 The distribution of small offices 9.4 Policy issues 9.5 Policy recommendations Prepared for The GLA i By RAMIDUS CONSULTING LIMITED August 2015 Small Offices and Mixed Use in CAZ Management Summary This study examines London’s Central Activities Zone (CAZ) in terms of the supply of, and demand for, small offices and mixed use development, specifically the balance between office and residential development.
    [Show full text]
  • REAL ESTATE July 2020
    LISTED MARKETS – REAL ESTATE July 2020 Leo Zielinski Partner Tel. +44 (0)7980 809031 [email protected] John Rodgers Partner Tel. +44 (0)7810 307422 [email protected] Will Strachan Partner Tel. +44 (0)7929 885859 [email protected] Lloyd Davies We track the share price movement and regulatory announcements Partner of 57 real estate owning listed entities (“Gerald Eve tracked index”). Tel. +44 (0)7767 311254 A summary of the Gerald Eve tracked index in terms of GAV, NAV, [email protected] LTV, Dividend, Share Price, Market Cap, Discount/Premium to NAV and their respective weekly movement is attached. Lorenzo Solazzo Data Analyst We provide a comparison to share price data from 3 February 2020 Tel. +44 (0)783 309 5582 [email protected] (pre-Covid-19 level) to present day to demonstrate the impact across certain entities as a direct result of Covid-19. James Brown Surveyor As at 30 of June, the Gerald Eve tracked index is currently down 30% to pre- Tel. +44 (0)7464 656563 Covid-19 level, under-performing the FTSE350 which is slowly recovering and is [email protected] now down 16%. The tracked listed REITs share price decreased on average 3% since 1 June 2020 (March: -25%, April: +6%, May: -3%). To provide context around the share price movement, the average discount to NAV is currently 31% against 3% pre-Covid-19. It is unsurprising to note that specialist sector entities across Industrial, Healthcare and Supermarkets have out-performed the REIT universe relative to other strategies within the Gerald Eve tracked index.
    [Show full text]
  • May CARG 2020.Pdf
    ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN.
    [Show full text]
  • 332 Controlling Officer's Reply
    Examination of Estimates of Expenditure 2019-20 Reply Serial No. FHB(FE)332 CONTROLLING OFFICER’S REPLY (Question Serial No. 5578) Head: (49) Food and Environmental Hygiene Department Subhead (No. & title): (-) Not specified Programme: (2) Environmental Hygiene and Related Services Controlling Officer: Director of Food and Environmental Hygiene (Miss Vivian LAU) Director of Bureau: Secretary for Food and Health Question: How many unisex toilets are there in the territory? Please provide their addresses with a breakdown by the 18 districts. Does the Food and Environmental Hygiene Department have any plan to continuously increase the number of unisex toilets? If yes, please provide the details. Asked by: Hon CHAN Chi-chuen (LegCo internal reference no.: 409) Reply: The Food and Environmental Hygiene Department (the Department) has 379 public toilets with accessible unisex toilets (AUTs) provision. A list of these toilets is provided at Annex. If circumstances permit, the Department will, based on “The Design Manual on Barrier Free Access 2008”, provide AUTs at new public toilets or during reprovisioning or refurbishment of existing ones. Access to AUTs does not necessitate traversing an area reserved for one sex only. - End - Session 13 FHB(FE) - Page 901 Annex (Page 1 of 20) List of Public Toilets with Accessible Unisex Toilets Serial District Name of Public Toilet Address No. 1 Central/Western Belcher's Street Public Behind No.2-12 Belcher's Street, Sai Toilet Wan 2 Central/Western Centre Street Public Toilet Near Centre Street Market,
    [Show full text]
  • March 2010 Annual Report
    TR Property Investment Trust plc –TR Property Investment Trust ReportMarch 2010 & Accounts for the year ended 31 TR Property Investment Trust plc Report & Accounts for the year ended 31 March 2010 TR Property Investment Trust plc is managed by This document is printed on Revive Silk of which 75% of the furnish is made from 100% de-inked post consumer waste. The remaining 25% being mill broke and virgin fibres. This paper is bleached using a combination of Totally Chlorine Free (TCF) and Elemental Chlorine Free (ECF). The manufacturing mill is accredited with the ISO 14001 standard for environmental management. TR Property Investment Trust plc Directors’ Review Accounts 1 Overview 62 Independent Auditors’ Report 2 Statement of Investment Objective and Policy 63 Group Income Statement 4 Financial Highlights and Performance 64 Group and Company Statement of Changes in Equity 5 Historical Performance 65 Group and Company Balance Sheets 6 Chairman’s Statement 66 Group and Company Cash Flow Statements 10 Managers’ Report – Market Background and Outlook 67 Notes to the Financial Statements 15 Ordinary Shares – Financial Highlights and Performance Shareholder Information 16 Ordinary Shares – Manager’s Report 89 Notice of Annual General Meeting 21 Ordinary Shares – Portfolio Details 93 Notice of Separate Class Meeting of Ordinary 27 Ordinary Shares – Income Statement Shareholders 28 Ordinary Shares – Balance Sheet 94 Notice of Separate Class Meeting of Sigma Shareholders 29 Sigma Shares – Financial Highlights and Performance 95 Explanation of
    [Show full text]
  • The Crown Estate Annual Report and Accounts 2010
    SUSTAINABILITY SHAPES OUR FUTURE Annual Report 2010 Page 1 The Crown Estate Annual Report 2010 Overview 2 Understanding The Crown Estate Sustainability lies at the heart of 4 Chairman’s statement The Crown Estate. Although Parliament 6 Chief executive’s overview 8 Progress on our ‘Going for Gold’ targets decrees that we operate as a commercial Performance organisation, we combine the commercial 10 Urban estate 16 Marine estate imperative with an equally firm 22 Rural estate 28 Windsor estate commitment to integrity and stewardship. 32 Financial review 40 Sustainability Our commitment to stewardship reflects Governance 52 The Board our ability to take the long-term view, 54 Governance report pursuing good environmental practice. 65 Remuneration report Financials In addition to our principal financial 67 The Certificate and Report of the duty we manage the assets in our care Comptroller and Auditor General to the Houses of Parliament for the sustainable, long-term benefit 68 Statement of income and expenditure 68 Statement of comprehensive income of our tenants and other customers; 69 Balance sheet their businesses; the communities they 70 Cash flow statement 71 Statement of changes in represent; and for the environment. capital and reserves 72 Notes to the financial statements 90 Ten-year record (unaudited) Available online % www.thecrownestate.co.uk/annual_report Other publications available 5 Scotland Report 2010 Wales Financial Highlights 2010 Northern Ireland Financial Highlights 2010 Page 2 The Crown Estate Annual Report 2010 Commercialism.
    [Show full text]
  • Exciting New Retail and Leisure Opportunity in the Centre of Milton Keynes
    MILTON KEYNES EXCITING NEW RETAIL AND LEISURE OPPORTUNITY IN THE CENTRE OF MILTON KEYNES 809-811 Silbury Boulevard , Milton Keynes HOME INTRODUCTION LOCATION MILTON KEYNES RETAIL AND SITE PLAN AVAILABILITY LEISURE THE DEVELOPER OPPORTUNITY 02 CONTACT Retail and leisure units to let Two new commercial units with flexible planning consent for A1-A5 / D1 & B1 uses Unit sizes 1,959 sq ft (182 sq m) and 1,808 sq ft (168 sq m) Units can be combined to create one large unit of 3,767 sq ft (349 sq m) Directly opposite John Lewis entrance and Centre:MK Located directly beneath 132 new homes built for rent by Grainger Plc. For further information go to www.solstice-apartments.co.uk HOME INTRODUCTION LOCATION MILTON KEYNES SITE PLAN AVAILABILITY LOCATION THE DEVELOPER AERIAL 03 CONTACT SNOZONE / 12TH INTU SHOPPING CENTRE: JOHN XSCAPE STREET CENTRE MK LEWIS MILTON KEYNES MILTON KEYNES THEATRE ROSE HOME INTRODUCTION LOCATION MILTON KEYNES SITE PLAN AVAILABILITY LOCATION THE DEVELOPER NEIGHBOURS 04 CONTACT EAT/DRINK/RETAIL es) 1 Las Iguanas 18 Oliver Bonas M1 (2 mil 2 Byron Burger 19 White Stuff 3 Brasserie Blanc 20 Halifax 4 Carluccios 21 Pizza Hut 10 15 John Lewis 5 Lloyds Bank 22 McDonald’s Lloyds Court 5 8 1 6 Mothercare 23 Monsoon MK 6 Gallery 7 Ask Italian 24 Paperchase 7 16 9 Theatre 8 Next 25 Apple 2 13 24 9 Lakeland 26 Gap 14 4 11 10 John Lewis 27 H&M 17 Centre:MK 23 Secklow 11 Debenhams 28 Hollister 18 22 ard 19 7 12 Marks & Spencer 29 Michael Kors 12 21 Boulev 20 Gate 13 Primark 30 Sports Direct y 26 27 Snozone/Xscape A509 25 28 3 14 TK Maxx 31 T.M.
    [Show full text]
  • Annual Report and Accounts 2015 Inside This Year’S Integrated Annual Report and Accounts 2015
    2015 Annual ReportAnnual Accounts and The Crown Estate Annual Report and Accounts 2015 Inside this year’s integrated Annual Report and Accounts 2015 Overview Building an integrated The Crown Estate is an Highlights of our performance 03 approach independent commercial Chairman’s statement 04 Chief Executive’s review 06 Three years ago we began to work towards a business, created by Act new vision, which would integrate sustainability Our business at a glance 10 across our business. In order to communicate of Parliament. this we produced our first integrated report Our role is to make sure that the land and What we’ve been doing and set out a three-year plan to improve our property we invest in and manage are Review of activities 12 approach. sustainably worked, developed and enjoyed to deliver the best value over the long term. At the In the first year we outlined our business heart of how we work is an astute, considered, Our markets model and identified the material issues that collaborative approach that helps us create Our markets 34 impact our performance. In the second year success for our business and for those we looked more deeply at our markets and we work with. How we create value improved our understanding of the resources and relationships that sustain our business Business model 38 Our vision is to be a progressive commercial and contribute to our success. In this, our business creating significant value beyond Resources and relationships 40 third integrated report, we have focused on financial return. We will work with partners What is Total Contribution? 42 developing robust measurement indicators and stakeholders to grow our business, Strategic objectives 44 and exploring the broader impact of what we outperforming the market whilst delivering do and how we can inspire change.
    [Show full text]
  • Please Download Our Brochure
    “During 2020 the UK market saw £40Bn of commercial property investment transactions. £10.5Bn of this was in Central London and a significant proportion (almost c.30%) was from Asia – based capital.” Allsop LLP & Millennium Group UK property consultants Allsop LLP and Asia-based property advisors Millennium Group formed an alliance to strengthen their services to advise existing and new Asia-based investors looking to deploy capital into UK real estate. The alliance serves to leverage the long-standing relationships and understanding of Asian client needs with the experience, expertise and extensive local market knowledge of the UK markets. This international synergy enables us to create informed, sensible, bespoke strategies through the entire cycle of property investing that is tailored to individual or corporate requirements. Services we offer overseas clients with UK assets and aspirations include: Lease Advisory – Asset & Development Investment Advisory rent reviews & restructures Management Development Valuation Office Leasing Consultancy Residential Development Property Business Rates & Investment Management About About • Established in 1906 • Pride ourselves on our open, • Established in 1998 • Independent property friendly and honest business • Full Asia coverage approach consultancy (LLP) • Numerous long-standing relationships with • Market-leading reputation for high • 19 Equity Partners Asia’s most prominent property investors quality service, market knowledge, • 125 Fee Earners insight and expertise • Property management partnership
    [Show full text]
  • Rightmove Plc, Winterhill (RMV:LN)
    Rightmove Plc, Winterhill (RMV:LN) Real Estate/Real Estate Services Price: 737.40 GBX Report Date: September 22, 2021 Business Description and Key Statistics Rightmove operates as an online property portal. Co.'s segments Current YTY % Chg include The Agency, which includes resale and lettings property advertising services provided on Co.'s platforms and tenant Revenue LFY (M) 289 8.0 referencing and insurance products sold by Van Mildert Landlord EPS Diluted LFY 0.19 10.2 and Tenant Protection Limited; and The New Homes, which provides property advertising services to new home developers Market Value (M) 6,453 and housing associations on Co.'s platforms. Co.'s customers are primarily estate agents, lettings agents and new homes developers Shares Outstanding LFY (000) 875,062 advertising properties for sale and to rent in the United Kingdom. Book Value Per Share 0.05 EBITDA Margin % 75.10 Net Margin % 60.8 Website: www.rightmove.co.uk Long-Term Debt / Capital % 20.3 ICB Industry: Real Estate Dividends and Yield TTM 0.04 - 0.61% ICB Subsector: Real Estate Services Payout Ratio TTM % 34.9 Address: 2 Caldecotte Lake;Business Park;Caldecotte Lake Drive 60-Day Average Volume (000) 1,679 Milton Keynes 52-Week High & Low 746.80 - 555.80 GBR Employees: 538 Price / 52-Week High & Low 0.99 - 1.33 Price, Moving Averages & Volume 756.4 756.4 Rightmove Plc, Winterhill is currently trading at 737.40 which is 4.4% above its 50 day 730.1 730.1 moving average price of 706.13 and 15.3% above its 703.8 703.8 200 day moving average price of 639.56.
    [Show full text]
  • Property Useful Links
    PROPERTY - USEFUL LINKS Property - Useful Links 1300 Home Loan 1810 Malvern Road 1Casa 1st Action 1st Choice Property 1st Property Lawyers 247 Property Letting 27 Little Collins 47 Park Street 5rise 7th Heaven Properties A Place In The Sun A Plus New Homes a2dominion AACS Abacus Abbotsley Country Homes AboutProperty ABSA Access Plastics AccessIQ Accor Accord Mortgages Achieve Adair Paxton LLP Adams & Remrs Adept PROPERTY - USEFUL LINKS ADIT Brasil ADIT Nordeste Adriatic Luxury Hotels Advanced Solutions International (ASI) Affinity Sutton Affordable Millionaire Agence 107 Promenade Agency Express Ajay Ajuha Alcazaba Hills Resort Alexander Hall Alitex All Over GEO Allan Jack + Cottier Allied Pickfords Allied Surveyors AlmaVerde Amazing Retreats American Property Agent Amsprop Andalucia Country Houses Andermatt Swiss Alps Andrew and Ashwell Anglo Pacific World Movers Aphrodite Hills Apmasphere Apparent Properties Ltd Appledore Developments Ltd Archant Life Archant Life France PROPERTY - USEFUL LINKS Architectural Association School Of Architecture AREC Aristo Developers ARUP asbec Askon Estates UK Limited Aspasia Aspect International Aspinall Group Asprey Homes Asset Agents Asset Property Brokers Assetz Assoc of Home Information Pack Providers (AHIPP) Association of Residential Letting Agents (ARLA) Assoufid Aston Lloyd Astute ATHOC Atisreal Atlas International Atum Cove Australand Australian Dream Homes Awesome Villas AXA Azure Investment Property Baan Mandala Villas And Condominiums Badge Balcony Systems PROPERTY - USEFUL LINKS Ballymore
    [Show full text]
  • Jupiter Green Investment Trust PLC Report & Accounts for the Year Ended 31 March 2012
    Jupiter Green Investment Trust PLC Report & Accounts for the year ended 31 March 2012 JUPITER GREEN INVESTMENT TRUST PLC Annual Report and Accounts 2012 ■ Contents Investment Objective, Investment Policy, Investment Approach and Benchmark Index 2 Dividend Policy, Planned Life of the Company and Discount Control 4 Company Information 5 Directors 6 Financial Highlights 7 Chairman’s Statement 8 Manager’s Review 9 Portfolio Investments 10 Company Profiles for Top Twenty Investments 12 Sector and Geographical Analysis of Investments 13 Report of the Directors 14 Directors’ Remuneration Report 21 Directors’ Responsibilities for the Financial Statements 23 Independent Auditors’ Report 24 Statement of Comprehensive Income 25 Statement of Financial Position 26 Statement of Changes in Equity 27 Cash Flow Statement 28 Notes to the Accounts 29 Notice of Annual General Meeting 40 Important Risk Warnings 43 Investor Information 44 Form of Proxy Form of Direction 1 JUPITER GREEN INVESTMENT TRUST PLC Annual Report and Accounts 2012 ■ Investment Objective, Investment Policy, Investment Approach and Benchmark Index Investment Objective The Company’s investment objective is to generate long-term capital growth through a diverse portfolio of companies providing environmental solutions. Investment Policy The Company invests globally in companies which have a significant focus on environmental solutions. Specifically, the Company looks to invest across three key areas: infrastructure, resource efficiency and demographics. The Company’s portfolio has a bias towards small and medium capitalisation companies. It invests primarily in securities which are quoted, listed or traded on a recognised exchange. However, up to 5 per cent. of the Company’s Total Assets (at the time of such investment) may be invested in unlisted securities.
    [Show full text]