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Annual Report 2009 Business Review
Annual Report 2009 Capital & Regional Annual Report 2009 Business review 01 Capital & Regional... 14 Asset and property management – Retail ...What we do 18 Asset and property management – Germany ...Business model 20 Asset and property management – Leisure ...Corporate structure 23 Asset and property management – Other 02 Chairman’s statement associates and joint ventures 03 Chief Executive’s statement 24 Principal risks and uncertainties 05 Operating review Section 1 07 Financial review Governance 26 Directors 28 Directors’ report 31 Statement of directors’ responsibilities 32 Directors’ remuneration report 39 Corporate governance report 43 Responsible business Section 2 Financial statements 46 Consolidated income statement 96 Independent auditors’ report 47 Consolidated balance sheet 97 Company balance sheet 48 Consolidated statement of recognised 98 Notes to the Company financial statements income and expense 48 Reconciliation of movement in equity shareholders’ funds 49 Consolidated cash flow statement Section 3 50 Notes to the financial statements Other information 101 Glossary of terms 102 Portfolio information 103 Fund portfolio information (100% figures) 104 Five-year review 105 Advisers and corporate information 105 Shareholder information Section 4 Section 1 Business review Capital & Regional… …What we do …Business model • C&R is a co-investing property • We operate asset businesses asset manager. This means that we and earnings businesses manage property assets for funds and joint ventures in which we hold • Asset businesses -
A Description of London's Economy Aaron Girardi and Joel Marsden March 2017
Working Paper 85 A description of London's economy Aaron Girardi and Joel Marsden March 2017 A description of London's economy Working Paper 85 copyright Greater London Authority March 2017 Published by Greater London Authority City Hall The Queens Walk London SE1 2AA www.london.gov.uk Tel 020 7983 4922 Minicom 020 7983 4000 ISBN 978-1-84781-648-1 Cover photograph © London & Partners For more information about this publication, please contact: GLA Economics Tel 020 7983 4922 Email [email protected] GLA Economics provides expert advice and analysis on London’s economy and the economic issues facing the capital. Data and analysis from GLA Economics form a basis for the policy and investment decisions facing the Mayor of London and the GLA group. GLA Economics uses a wide range of information and data sourced from third party suppliers within its analysis and reports. GLA Economics cannot be held responsible for the accuracy or timeliness of this information and data. The GLA will not be liable for any losses suffered or liabilities incurred by a party as a result of that party relying in any way on the information contained in this report. A description of London's economy Working Paper 85 Contents Executive summary ...................................................................................................................... 2 1 Introduction ......................................................................................................................... 3 2 The structure of London’s local economies ......................................................................... -
The London Strategic Housing Land Availability Assessment 2017
The London Strategic Housing Land Availability Assessment 2017 Part of the London Plan evidence base COPYRIGHT Greater London Authority November 2017 Published by Greater London Authority City Hall The Queen’s Walk More London London SE1 2AA www.london.gov.uk enquiries 020 7983 4100 minicom 020 7983 4458 Copies of this report are available from www.london.gov.uk 2017 LONDON STRATEGIC HOUSING LAND AVAILABILITY ASSESSMENT Contents Chapter Page 0 Executive summary 1 to 7 1 Introduction 8 to 11 2 Large site assessment – methodology 12 to 52 3 Identifying large sites & the site assessment process 53 to 58 4 Results: large sites – phases one to five, 2017 to 2041 59 to 82 5 Results: large sites – phases two and three, 2019 to 2028 83 to 115 6 Small sites 116 to 145 7 Non self-contained accommodation 146 to 158 8 Crossrail 2 growth scenario 159 to 165 9 Conclusion 166 to 186 10 Appendix A – additional large site capacity information 187 to 197 11 Appendix B – additional housing stock and small sites 198 to 202 information 12 Appendix C - Mayoral development corporation capacity 203 to 205 assigned to boroughs 13 Planning approvals sites 206 to 231 14 Allocations sites 232 to 253 Executive summary 2017 LONDON STRATEGIC HOUSING LAND AVAILABILITY ASSESSMENT Executive summary 0.1 The SHLAA shows that London has capacity for 649,350 homes during the 10 year period covered by the London Plan housing targets (from 2019/20 to 2028/29). This equates to an average annualised capacity of 64,935 homes a year. -
2005 CRO Annual Report.Pdf
Companies Registration Office Report 2005 CONTENTS 1. INTRODUCTION 1 2. MISSION STATEMENT 2 3. INPUT 2 4. OUTPUT 9 5. QUALITY 13 APPENDIX 1: DETAILED STATISTICS 16 APPENDIX 2: FINANCE 66 APPENDIX 3: REGISTRAR OF COMPANIES 67 AND OTHER AUTHORISED PERSONS APPENDIX 4: CROLINK MEMBERSHIP 68 3 1. INTRODUCTION In the sections below we set out the commitment we made in the business plan for 2005 and the extent to which that commitment was met. Major Projects The Integrated Enforcement Environment continued to have a major impact particularly through the strike off process. While plans were implemented to step up actions regarding presenters and directors the major effect will be felt during 2006. The backlog clearance project continued to bring substantial benefits in document checking and registration but the levels of throughput necessary to clear the backlog of unregistered annual returns is not yet in place. Renewed effort on a number of fronts will be necessary in 2006. Considerable work was done on the rules database and it too will bring benefits. Extensive work was done to support the statutory Electronic Filing Agent, and to develop the pre-filled annual return. The implementation of the Companies On-line Registration Environment went very smoothly and can now be extended to a much wider user base. CROLink CROLink is the Users Council of the CRO. It is a forum which allows management and users of the CRO to share ideas to improve the services provided by the CRO. CROLink met three times during 2005. At the CROLink meetings, representatives of CRO users get a chance to raise questions and air views about CRO services. -
Property Investor Profiles
ANG Property Investor Profiles Fund Anglesea Capital Angelo, Gordon Europe Ltd 11 Hill Street, London W1J 5LF 25 Hanover Square, London W1S 1JF Tel: 020 7629 5324 Tel: 0207 758 5300 Fax: 0207 758 5420 Email: [email protected] Email: amittal@angelogordon. com Web: www.angleseacapital.com Web: www.angelogordon.com Contacts Contacts Rhys Lewis (Managing Director) Anuj Mittal (Real Estate) Nick Sowerbutts (Asset Manager) Comment Comment US private equity fund manager Angelo Gordon announced plans Anglesea Capital Ltd was formed by former Rockpoint director Rys to invest a substantial proportion of its $2bn of property funds in the Lewis. UK. (07/09) 12/11 - London & Stamford (94% interest) and Anglesea (6% The privately owned fund manager is investing two funds: its interest) sold the Triangle Distribution Portfolio and including the $800m AG Core Plus Realty Fund II, of which it has already spent recently acquired 5110 Magna Park, Lutterworth for a consideration around 35%; and its $1.25bn opportunity fund, the AG Realty Fund of £265m . Anglesea will continue to manage the portfolio with VII, of which around 25% is invested. Blackstone as its equity backer. 11/11 - Angelo, Gordon & Co bought the Frimley Business Park in Surrey, in partnership with Investream, for £15m - reflecting a Anglo Scottish Properties Plc 13.2% yield. The park comprises nine office buildings totalling 100a Chalk Farm Road, London NW1 8EH 161,074 sq ft on a 13.4-acre site. Tel: 020 7284 1144 Fax: 020 7267 2477 Email: [email protected] 06/12 - Angelo, Gordon paid Avestus Capital Partners £70m for Senator House, 85 Queen Victoria Street, EC4 - reflecting a net Contacts initial yield of 8.75%. -
Q2 2010 Shopping Centre Investment Quarterly
research Q2 2010 shopping centre Investment quarterly Figure 1 Figure 2 Outlook Who is buying? Shopping centres: capital and rental growth • Transactional volumes were robust in the second Q2 2010 Three month % change quarter but, with limited evidence of more deals 10 in the pipeline and a continuing scarcity of buying opportunities for prime assets, sales volumes over 5 the remainder of 2010 are expected to fall from the 0 levels seen in each of the last three quarters. • As investors take stock of continuing risks in the -5 economy and occupier markets, demand will remain healthy for prime shopping centre assets -10 but will weaken for secondary product. We expect -15 yields for secondary assets to remain stable in the near term before softening in the final quarter of -20 01 2010 as the supply of such assets continues Opportunity fund/private equity fund 02 May May May 10 May May 05 May May May May 03 May May 07 May May 09 May May 00 May May 08 May May 06 May to increase. Quoted property company/REIT 04 May Pension/life/insurance • June’s Emergency Budget was greeted with a Private property company Capital growth Rental growth degree of relief by UK retailers, being seen as Public sector Source: IPD ‘softer’ on consumers than had been feared. With the hike in VAT arriving in January 2011, the budget Source: Knight Frank LLP will have little impact on consumer expenditure Figure 3 over the next six months and may even boost sales Retail & shopping centre equivalent yields performance immediately prior to the tax increase. -
Octagon Centre Burton Upon Trent Planning Statement
OCTAGON CENTRE BURTON UPON TRENT PLANNING STATEMENT NOVEMBER 2016 OCTAGON CENTRE, BURTON UPON TRENT PLANNING STATEMENT Contents 1.0 Introduction 1 2.0 The Proposed Development 5 3.0 Planning Policy 9 4.0 Planning Analysis 12 5.0 Conclusions 17 Appendices 1 Fawcett Mead Letter, October 2016 2 Fawcett Mead Letter, November 2016 3 Transport Statement, June 2016 Date: 12 November 2016 Location: \\mev-fs02.medom.local\redirectedfolder$\PaulB1\Desktop\Octagon Planning Statement.docx OCTAGON CENTRE, BURTON UPON TRENT 1 PLANNING STATEMENT 1.0 INTRODUCTION The Proposed Development 1.1 This Statement has been prepared in support of a planning application by Vixcroft Burton Ltd (hereafter ‘Vixcroft’), owners of the Octagon Centre in Burton upon Trent (East Staffordshire Borough). 1.2 The planning application (P/2016/01434) seeks planning permission for the change of use of part of the first floor of the Octagon Centre from Class A1 retail to a Class D2 health and fitness gym. The general location of the application site is indicated at Figure 1.1. Figure 1.1 – General Location of the Site N APPLICATION SITE Map Source – PromapTM. © Crown Copyright 2016. All rights reserved. Licence number 100022432. 1.3 The exact extent of the area affected by the proposal is shown on Figure 1.2 which is on the next page. 1.4 As can be seen from that drawing, the area subject of this application comprises the following areas: Former Department Store Retail Area 496 sq m Empty Small Retail Units 289 sq m Sub-total 785 sq m Mall Space 1,090 sq m Public WCs 147 sq m Redundant Office 90 sq m Redundant Kitchen 180 sq m Unused / Blocked-off Storage 665 sq m 2,957 sq m OCTAGON CENTRE, BURTON UPON TRENT 2 PLANNING STATEMENT Figure 1.2 – The Existing First Floor of the Octagon Shopping Centre Circulation / Seating Empty Small Units Public WCs Former Department Store Redundant Office Redundant Kitchen Unused Storage Unused Storage (Blocked Off) Source and © – Juice Architects; not to scale. -
Annual Report and Accounts for the Year Ended 30 December 2012
Annual Report and Accounts for the year ended 30 December 2012 Stock Code: CAL 22158.04 18 April 2013 1:04 PM Proof 7 Progress in execution of strategy ■■ Sale of Group’s stakes in The Junction Fund and Xscape Braehead and, in early 2013, its interest in the X-Leisure Fund and FIX ■■ Purchase of Mall Fund units increased Group share from 18.16% to 20.33% ■■ Acquisition of 20% interest in Kingfisher Centre, Redditch, in joint venture with Oaktree Capital Partners Financial ■■ Robust recurring pre-tax profit up 3.7% to £17.0 million (2011 – £16.4 million) ■■ Proforma see-through net debt1 to property value fell to 55% compared to 65% at 2011 year end ■■ Fall in net assets and EPRA net assets per share to 51p and 55p, respectively (2011 – 56p and 63p) primarily as a result of value adjustments and impairment of the German portfolio 4 joint venture Operational ■■ Occupancy on a like for like basis in our UK Shopping Centres up to 96.7% from 96.1% notwithstanding significant administrations during the first half of the year ■■ Attractive and affordable space supported by 88 new lettings for £5.1 million, 25 renewals for £1.7 million, both at above ERV ■■ Significant step forward for asset management and development with key terms agreed to enable the reconfiguration of Waterside Lincoln; Hemel Hempstead redevelopment gaining planning permission and a number of pre-lets finalised; The Hub leisure concept at Redditch gaining momentum Future priorities ■■ Recycle cash from disposals of non-core assets to create shareholder value by strengthening our core UK Shopping Centre business as well as the buyback of shares ■■ Resume dividend payments to shareholders to be covered by cash earnings once Mall is in a position to recommence distributions to unit holders 2012 2011 Recurring pre-tax profit2 £17.0m £16.4m (Loss)/profit for year £(16.0)m £21.1m NAV per share 51p 56p EPRA NAV per share 55p 63p Proforma Group net debt1 13% 30% Proforma see through net debt1 55% 65% 1 Adjusted for £30.6 million X-Leisure proceeds received in January 2013. -
Annual Report and Accounts for the Year Ended 30 December 2018 Stock Code: CAL WELCOME to the CAPITAL & REGIONAL ANNUAL REPORT 2018
Capital & Regional plc Annual Report and Accounts for the year ended 30 December 2018 ANNUAL REPORT AND ACCOUNTS for the year ended 30 December 2018 Stock Code: CAL Capital & Regional AR 2018 Strategic proof 6.indd 3 04/04/2019 18:32:28 WELCOME TO THE CAPITAL & REGIONAL ANNUAL REPORT 2018 Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non- discretionary and value orientated needs of their local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £0.9 billion portfolio of tailored in-town community shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange. Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform. For further information see www.capreg.com. OUR VALUES OUR STRATEGY INSPIRING CREATIVE REDEFINE REPOSITION THINKING COMMUNITY SHOPPING ASSETS AND RETAIL MIX CENTRES Redefine and own the Community Actively remerchandise centres shopping centre category in the UK, to increase exposure to growth consistent with global best practice and online resilient categories and ENCOURAGING differentiate from competition. Tailored to community requirements COLLABORATIVE with focus on local, value, relevance, -
LSE Share Code: CAL JSE Share Code: CRP ISIN: GB0001741544 ("Capital & Regional", the "Group" Or the "Company")
CAPITAL & REGIONAL PLC (Incorporated in the United Kingdom) (UK Company number 01399411) LSE share code: CAL JSE share code: CRP ISIN: GB0001741544 ("Capital & Regional", the "Group" or the "Company") 9 March 2017 Full Year Results to 30 December 2016 Capital & Regional, the UK focused specialist REIT with a portfolio of dominant in-town community shopping centres, today announces its full year results to 30 December 2016. Asset management strategy driving strong income growth and underpinning dividend - 6.7% increase in Net Rental Income to GBP52.6 million (2015: GBP49.3 million) - Adjusted Profits(1) up 11.7% to GBP26.8 million (2015: GBP24.0 million) - 8.7% increase in total dividend to 3.39p per share for 2016, ahead of guidance Successful recycling of capital continuing into 2017 - Acquisition of The Exchange Centre, Ilford completed on 8 March 2017 for GBP78.0 million, reflecting NIY of 6.70% - Disposal of Ipswich joint venture in February 2017 delivering IRR of over 40% - Disposal of The Mall, Camberley for GBP86.0 million at NIY of 5.9% in November 2016 - Acquisition of The Marlowes, Hemel Hempstead and adjacent properties in February/March 2016 for GBP53.8 million at NIY of 7.0% Delivery of asset management initiatives supported by strong occupier demand - Capex investment of GBP21.2 million on Wholly-owned assets in 2016 including: - GBP6.2 million at Maidstone - refurbishment and TJ Hughes reconfiguration - GBP4.2 million at Wood Green - new Travelodge and extended Easygym - GBP2.9 million at Blackburn - new Ainsworth Mall entrance -
Messages Report Nov 1 Copy.Pptx
FACEBOOK Blah blah Messages etc.. ENGAGEMENT ANALYSIS CHARTS The chart in this document is collated daily by us as part of our commitment to ensure the marketing we conduct at our schemes is as social as it is effective for both the centres and their tenants. The statistics represent independent figures provided by Facebook and is based on the algorithms they run evaluating the relative performance of Pages and Posts relative to ‘Engagement’, measuring reactions, comments and shares. Messages PR harvest figures for 240 UK Shopping Centres and present them in a tabular form. We display the results in relative terms, which allows us to judge the performance of Pages when comparing the size of schemes and the number of ‘Page likes’ they enjoy. We also show the absolute positions where more Page likes, bigger budgets and boosts all work to generate increased engagement. Messages PR deliver astonishing results, regardless of how they are measured. In this vital Christmas sales period, our centres were placed within 10 of the top 20 places in relative terms and occupied the entire top 7. Even in absolute terms we placed 4 schemes in the top 10 UK Centre pages. Pentagon, Chatham was also number one in absolute terms, the best performing UK Shopping Scheme on Facebook, outperforming the mega centre Bluewater. Similarly Parkway in Middlesbrough outperformed The Metro Centre and Grays outperformed intu Lakeside by significant margins as you can see from the charts. We do not achieve these results by clever tweaking of posts, giveaways or boosts – It is because the work we undertake is genuinely social that we generate extraordinary results on social media. -
F&C Commercial Property Trust Limited
F&C Commercial Property Trust Limited Interim Report For the six months ended 30 June 2008 Company Summary The Company Capital Structure The Company is a closed-ended Guernsey The Company’s capital structure consists of registered investment company. Its shares are Ordinary Shares. listed on the Official List of the UK Listing Ordinary shareholders are entitled to all Authority and on the Channel Islands Stock dividends declared by the Company and to all Exchange, and traded on the London Stock the Company’s assets after repayment of its Exchange and the Channel Islands Stock borrowings and ordinary creditors. Borrowings Exchange. It was launched in March 2005. consist of £230 million Secured Bonds due 2017. The bonds carry interest at a fixed rate of Objective 5.23 per cent per annum and have an expected To provide ordinary shareholders with an maturity date of 30 June 2015. If the bonds are attractive level of income together with the not redeemed at this date they will carry interest potential for capital and income growth from at 0.60 per cent over LIBOR until the final investing in a diversified UK commercial property maturity date of 30 June 2017. portfolio. Investment Managers F&C Investment Business Limited, a wholly Isa Status owned subsidiary of F&C Asset Management The Company’s shares are eligible for Individual plc. Savings Accounts (‘Isas’). Total Assets Less Current Liabilities £1,026 million at 30 June 2008 Website Shareholders’ Funds The Company’s internet address is: £797 million at 30 June 2008 www.fccpt.co.uk F&C Commercial Property Trust Limited Financial Highlights and Performance Summary .