DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report Annual Report 2004 What does it take to be a leader in the property industry? A clear understanding of our strengths and what it takes to be successful... Strong A clear Meeting 1 heritage 2 strategy 3 expectations 04–05 Sixty years of 06–07 Overview. 10–35 Operating and Land Securities. An insight into our financial revi≤ew. How our heritage has ambitions for the Group. Ian Henderson and shaped the business. 08–09 Chairman’s statement. Andrew Macfarlane take a Peter Birch highlights the detailed look at our business Group’s achievements and its performance. and future outlook. Value Innovative Customer 5 creation 6 products 7 focus 22–27 Development. 28–31 Property outsourcing. 32–33 Meeting needs. Bringing you up-to-date Generating new business A review of our services on development progress through innovative through customer and our plans for future customer solutions. satisfaction surveys. schemes. 31 Landflex. Responding to occupiers’ needs for more flexibility. Sound Acting Aware of the 9 management 10 responsibly 11 environment 36–37 Board of directors. 38–41 Corporate responsibility. 42–43 The environment. Developing strategy and Meeting the needs of our Leading the industry on leading our employees to wider communities. environmental issues. deliver our objectives. 51–56 Remuneration report A diverse 57 Directors’ responsibilities 4 portfolio 57–58 Independent auditors’ report 59–82 Financials 16–21 Portfolio management. 60 Consolidated profit and An update on how we loss account have generated value 60 Statement of total recognised through our asset gains and losses and property 60 Note of historical cost profits management activities. and losses 61 Balance sheets 62 Consolidated cash flow statement 62 Reconciliation of net cash flow to movements in net debt Financial 62 Reconciliation of Group stability operating profit to net cash 8 inflow from operating activities 34–35 Finance and tax. 63–79 Notes to the financial Managing our finances statements to enhance performance. 80 Five and ten year records 81–82 Directors’ report 83–97 Business analysis 1331 84 Investment portfolio valuation 1153 1157 1219 84 Performance benchmarking 85 Top twelve properties 86–87 Development pipeline schedule 88–90 Total investment portfolio Effective analysis 91 Property outsourcing governance 92–93 Property by location 12 94–97 Major property holdings 44–50 Corporate governance. 98–100 Other Upholding the principles 98 Glossary 1 of corporate governance. Goals & Objectives 99 Index 100 Investor information 2 Identify One New Change illustrates our approach to investing in Central London. 5 6 3 Reasses Report Assess Acquired in 2000 the property offers substantial redevelopment opportunities 4 when it is vacated in 2006. Action LAND SECURITIES ANNUAL REPORT 2004 1 Adjusted diluted net assets Investment property (£bn) Revenue profit (pre-tax) (£m) per share (pence) 1331 8.2 309.2 1219 7.9 7.8 7.8 350.1 1153 1157 7.5 323.4 318.4 336.2 2001* 2002* 2003* 2004 2000 2001 2002 2003 2004 2000 2001* 2002* 2003* 2004 Adjusted diluted net asset value per share up 9.2% to 1331p (2003: 1219p) Investment portfolio valuation uplift of 5.3% to £8.15bn (2003: £7.84bn), with the like-for-like portfolio recording a 6.7% increase to £6.22bn (2003: £5.73bn) Profit before tax rose by 16.7% to £373.1m (2003: £319.6m) Pre-tax revenue profit decreased, as expected, by 8.0% to £309.2m (2003: £336.2m) Adjusted earnings per share decreased, as expected, by 6.0% to 47.86p per share (2003: 50.89p per share) Proposed full year dividend increase of 4.5% to 37.1p (2003: 35.5p) 2 LAND SECURITIES ANNUAL REPORT 2004 Adjusted earnings per share (pence) Dividends per share (pence) 47.86 37.10 50.89 49.18 34.00 35.50 45.22 32.50 40.86 31.00 2000 2001* 2002* 2003* 2004 2000 2001 2002 2003 2004 *restated Financial highlights 31/3/2004 31/3/2003 % Change Gross property income Property investment and trading (including 50% share of joint ventures) £650.2m £579.3m +12.2% Property outsourcing £830.9m £660.2m +25.9% Total £1,481.1m £1,239.5m +19.5% Operating profit (total) £565.8m £550.2m +2.8% Pre-tax profit £373.1m £319.6m +16.7% Revenue profit (pre-tax)1 £309.2m £336.2m –8.0% Adjusted earnings per share2 47.86p 50.89p* –6.0% Earnings per share 61.84p 46.46p +33.1% Dividends per share 37.10p 35.50p +4.5% Adjusted diluted net assets per share3 1331p 1219p* +9.2% Diluted net assets per share 1293p 1188p +8.8% Carrying value of investment properties4 £7,880.9m £7,823.9m Net borrowings £2,435.8m £2,589.3m Equity shareholders’ funds £6,030.1m £5,532.7m Gearing (net)5 40.5% 47.3% *as restated – Notes 9 and 10 1 Excludes results of fixed asset property sales and exceptional items in 2003 2 Based on revenue profits. Tax charge adjusted to exclude deferred tax arising from capital allowances and capitalised interest on investment properties 3 Excludes deferred tax arising from capital allowances and capitalised interest on investment properties and adding back the net liabilities of Telereal 4 Market value less UITF28 adjustment of Group Investment Properties 5 Net borrowings (including bank overdraft less short term deposits and cash), at book value, plus non-equity B shares as a percentage of equity shareholders’ funds 6 The calculation basis has been refined this year and the comparatives have been restated LAND SECURITIES ANNUAL REPORT 2004 3 1 Strong heritage Sixty years of Land Securities From modest beginnings Land Securities has grown steadily to become the UK’s leading property company.A member of the FTSE since the index was created in 1984, the Group now manages more than 10 million m2 of property across the UK. From three houses in Kensington the Group’s investment portfolio is now valued at more than £8bn. The Group’s objective is to create attractive and sustainable returns for shareholders. It will do this by providing its customers with products that match their needs.With a 25-year track record of dividend growth, Land Securities is recognised for its financial stability and responsible management. Over the course of 60 years the Group has, through investment, development, management and property outsourcing, become a major force in the UK property industry. Land Securities is proud of the reputation it has created. Lord Samuel of Wych Cross, Land Securities’ founder and chairman until 1987 (left). Sir Peter Hunt, Lord Samuel’s successor and Land Securities’ chairman until 1997 (right). Land Securities Investment Trust 1944 Annual Report, the first issued after Lord Samuel bought the company, a copy of which is included in this year’s Annual Report. 4 LAND SECURITIES ANNUAL REPORT 2004 60years of making property work LAND SECURITIES ANNUAL REPORT 2004 5 2 A clear strategy Overview Land Securities offers investors: A commitment to the creation of attractive and sustainable returns through its activities in the UK property market A strategic focus on its customers Ownership of £8bn of investment property in the UK Market leading positions in three sectors: – Retail (including retail warehouses) – Central London offices – Property outsourcing Cash flow through six-monthly dividend payments Potential for capital and revenue growth through: – Superior management of assets – 170,000m2 development pipeline – New property outsourcing business Aiming to be recognised as the UK’s leading property company 6 LAND SECURITIES ANNUAL REPORT 2004 Strategic focus on value creation Higher returns from IRR development +++ activity IRR ++ Innovative products accessing immature markets IRR + Diversified portfolio in sectors with supply side constraints WACC 7.5% Active management of balance sheet and effective recycling of capital Our objectives Our achievements • Land Securities Trillium successfully received We have a clear view of what we are trying to Throughout this year’s Annual Report you will its re-accreditation for Investors in People and, achieve.The objectives for our business are to: find evidence of the success we have had in over time, we will roll this out across the Group. meeting our objectives. However, we have taken Our employee survey demonstrates upper • Maximise the returns from our investment the opportunity to outline below a few notable quartile results for employee satisfaction portfolio. examples of our activities which particularly and morale. demonstrate our achievements to date. • Complete and let our development • Since unveiling the Group’s new strategy programme. • In each of our core sectors and on an overall in 2000, Land Securities has shown a total portfolio basis, we have outperformed the shareholder return (share price appreciation • Continue to grow our property outsourcing Investment Property Databank. plus dividends re-invested) of 71.85% as business by winning new contracts and compared to a negative 24.52% for the expanding existing ones. • We sold £682.1m of investment property, FTSE100 and 66.06% for the FTSE Real creating FRS3 profits of £52.1m. Estate Index. Over the 12-month period to • Focus on our customers with products that 31 March 2004, Land Securities return has meet their needs. • We completed 152,500m2 of development, been 55.14% as compared to 25.74% for including the Birmingham Alliance’s award- the FTSE and 61.67% for the FTSE Real • Build and retain the best team in the winning Bullring, which opened September Estate Index. property industry. 2003 receiving more than 20 million visits from shoppers since then. • Focus on earnings generation from capital investment and drive total returns, so • We let (or agreed subject to contract to let) creating value for our shareholders. 82,000m2 of development, which included fully letting the newly-launched Soho Square building, the first Landflex office scheme and a department store letting in Cardiff.
Load more

Recommended publications
  • Greater London Authority
    Consumer Expenditure and Comparison Goods Retail Floorspace Need in London March 2009 Consumer Expenditure and Comparison Goods Retail Floorspace Need in London A report by Experian for the Greater London Authority March 2009 copyright Greater London Authority March 2009 Published by Greater London Authority City Hall The Queen’s Walk London SE1 2AA www.london.gov.uk enquiries 020 7983 4100 minicom 020 7983 4458 ISBN 978 1 84781 227 8 This publication is printed on recycled paper Experian - Business Strategies Cardinal Place 6th Floor 80 Victoria Street London SW1E 5JL T: +44 (0) 207 746 8255 F: +44 (0) 207 746 8277 This project was funded by the Greater London Authority and the London Development Agency. The views expressed in this report are those of Experian Business Strategies and do not necessarily represent those of the Greater London Authority or the London Development Agency. 1 EXECUTIVE SUMMARY.................................................................................................... 5 BACKGROUND ........................................................................................................................... 5 CONSUMER EXPENDITURE PROJECTIONS .................................................................................... 6 CURRENT COMPARISON FLOORSPACE PROVISION ....................................................................... 9 RETAIL CENTRE TURNOVER........................................................................................................ 9 COMPARISON GOODS FLOORSPACE REQUIREMENTS
    [Show full text]
  • Croydon OAPF Chapters 5 to 9
    North End Public realm chapter contents • Existing public realm • Six principles for the public realm • Public realm strategy and its character • Funded and unfunded public realm • Play space requirements Chapter objectives • Plan for a joined up public realm network across the whole of the COA. • Plan for improvements to the quality of existing streets and spaces as per the public realm network. • Secure new streets and public spaces as per the public realm network. • Plan for the provision of quality play and informal recreation space across the Opportunity Area. • Utilise new development to help deliver this public realm network. • Utilise public funding to help deliver this public realm network. existing public realm 5.1 The quality of public realm influences a person’s 5.6 Positive aspects to be enhanced: perception of an area and determines how much time people want to spend in a place. • There are strong existing north/south routes e.g. along Wellesley Road, Roman Way, Cherry 5.2 Parts of the COA’s public realm is of poor Orchard Road, North End and High Street / South quality. This is evident in the number of barriers to End (albeit their character and quality vary) existing pedestrian and cycle movement, people’s • The Old Town, the Southern and Northern areas generally poor perception of the area, and the fact have an existing pattern of well-defined streets that 22% of streets in the COA have dead building and spaces of a human scale frontage (Space Syntax 2009). • North End is a successful pedestrianised street/ public space 5.3 Poor quality public realm is most evident around • The existing modernist building stock offers New Town and East Croydon, the Retail Core and significant redevelopment and conversion parts of Mid Croydon and Fairfield.
    [Show full text]
  • KTT Report Structure
    Knowledge and Technology Exchange in Further Education Colleges September 2005 By Professor Sa’ad Medhat PhD MPhil CEng FIEE FCIM FCMI MInstD New Engineering Foundation Conducted by: New Engineering Foundation Erico House 93-99 Upper Richmond Road London SW15 2TG www.neweng.org.uk Email: [email protected] Tel: 020 8786 3677 Supported by: Gatsby Technical Education Projects Allington House 150 Victoria Street London SW1E 5AE www.gtep.co.uk Table of Contents Acknowledgements 4 1.0 Executive Summary 10 2.0 Introduction 23 3.0 Rationale 24 4.0 Research Methodology 25 5.0 Findings 26 5.1 The Survey 26 5.2 Key Findings from Interviews with FE Colleges 46 5.3 Professional Development 49 5.4 Funding Knowledge Transfer / Exchange in FE Colleges 49 5.5 Views of Business and Employer Associations 53 5.6 Roles of Higher Education 54 5.7 Roles of Regional Development Agencies 55 5.8 Key Findings from Discussions with Sector Skills Councils 56 5.9 Impact on Students 57 5.10 Summary of Findings 58 6.0 Recommendations 59 7.0 The Knowledge and Technology Exchange Nodes (K-TEN) 61 8.0 Establishing Good Practice for KTT 62 9.0 K-TEN Operational Structure 63 10.0 Overall Conclusions 64 Appendices Appendix A – List of Participatory FE Colleges Appendix B – Business and Industry Input Appendix C – References Appendix D – The New Engineering Advisory Panel Knowledge and Technology Exchange in Further Education Colleges/August 2005 3-76 Acknowledgements The project reported here was commissioned by Gatsby Technical Education Projects (GTEP) and carried out by the New Engineering Foundation1.
    [Show full text]
  • Bargain Booze Limited Wine Rack Limited Conviviality Retail
    www.pwc.co.uk In accordance with Paragraph 49 of Schedule B1 of the Insolvency Act 1986 and Rule 3.35 of the Insolvency (England and Wales) Rules 2016 Bargain Booze Limited High Court of Justice Business and Property Courts of England and Wales Date 13 April 2018 Insolvency & Companies List (ChD) CR-2018-002928 Anticipated to be delivered on 16 April 2018 Wine Rack Limited High Court of Justice Business and Property Courts of England and Wales Insolvency & Companies List (ChD) CR-2018-002930 Conviviality Retail Logistics Limited High Court of Justice Business and Property Courts of England and Wales Insolvency & Companies List (ChD) CR-2018-002929 (All in administration) Joint administrators’ proposals for achieving the purpose of administration Contents Abbreviations and definitions 1 Why we’ve prepared this document 3 At a glance 4 Brief history of the Companies and why they’re in administration 5 What we’ve done so far and what’s next if our proposals are approved 10 Estimated financial position 15 Statutory and other information 16 Appendix A: Recent Group history 19 Appendix B: Pre-administration costs 20 Appendix C: Copy of the Joint Administrators’ report to creditors on the pre- packaged sale of assets 22 Appendix D: Estimated financial position including creditors’ details 23 Appendix E: Proof of debt 75 Joint Administrators’ proposals for achieving the purpose of administration Joint Administrators’ proposals for achieving the purpose of administration Abbreviations and definitions The following table shows the abbreviations
    [Show full text]
  • Federal Register/Vol. 66, No. 239
    Federal Register / Vol. 66, No. 239 / Wednesday, December 12, 2001 / Notices 64217 OK; Omega Air, Inc., Alexandria, VA Sundstrand Corporation, Rockford, IL; 2002,Recruitment closes on April 10, (Controlling Entity: Omega Air, Dublin Triumph Controls, Inc., North Wales, 2002. Airport, Ireland); Space Access, LLC, PA; Veridian Corporation, Alexandria, FOR FURTHER INFORMATION CONTACT: Mr. Palmdale, CA; Spectrum Astro, Inc., VA. David Fiscus, U.S. Department of Gilbert AZ; Stellex Aerostructures, Inc., 3. Change the listings of the current Commerce, telephone 202–482–1599, or Woodland Hills, CA (Controlling Entity: Members as follows: ‘‘BF Goodrich; e-mail [email protected]. Stellex Technologies, Inc., Woodland Akron, OH’’ to ‘‘Goodrich Corporation, FOR FURTHER INFORMATION CONTACT: Hills, CA); Swales Aerospace, LLC, Charlotte, NC’’; ‘‘HEICO Corporation, Thomas Nisbet, U.S. Department of Beltsville, MD; Vought Aircraft Hollywood, FL’’ to ‘‘HEICO Corporation; Commerce, telephone 202–482–5657, or Industries, Inc., Dallas, TX (Controlling Miami, FL’’; ‘‘B.H. Aircraft Company, e-mail [email protected]. Entity: The Carlyle Group, Washington, Incorporated, Farmingdale, NY’’ to DC); W.L. Gore & Associates, Inc., ‘‘B.H. Aircraft Company, Incorporated, Dated: December 7, 2001. Newark, DE; BAE Systems North Rokonkoma, NY.’’ Thomas H. Nisbet, Director, Promotion Planning and Support America, Inc., Rockville, MD; GenCorp, Dated: December 5, 2001. Sacramento, CA; Smiths Group PLC, Division,Office of Export Assistance and Vanessa M. Bachman, London, England, UK, for the activities Business Outreach. of Smiths Aerospace Actuation Systems, Acting Director, Office of Export Trading [FR Doc. 01–30758 Filed 12–11–01; 8:45 am] Company Affairs. Los Angeles, Duarte, CA; Triumph BILLING CODE 3510–D–R–F–P Group, Inc.; Wayne, PA; Analytical [FR Doc.
    [Show full text]
  • LAND SECURITIES Report and Financial Statements 31 March 1999
    LAND SECURITIES Report and Financial Statements 31 March 1999 Home Contents Search Next Back Home Contents Contents Corporate Statement 1 Corporate Governance 33 Financial Highlights 2 Report of the Remuneration Committee 35 Search Valuation 4 Directors’ Report 38 Chairman’s Statement 6 Directors and Advisers 40 Operating and Financial Review Senior Management 41 Next Chief Executive‘s Review 8 Directors’ Responsibilities 42 The Group’s Developments 10 Auditors’ Report 42 Offices 12 Valuers’ Report 43 Back Shops and Shopping Centres 16 Consolidated Profit and Loss Account 44 Retail Warehouses and Balance Sheets 45 Food Superstores 20 Consolidated Cash Flow Statement 46 Hotels, Leisure and Residential 23 Other Primary Statements 47 Warehouses and Industrial 24 Notes to the Financial Statements 48 Financial Review 27 Ten Year Record 62 Environment and Health & Safety 32 Major Property Holdings 63 Investor Information (Inside Back Cover) FINANCIAL CALENDAR 1999 2000 26 May Preliminary Announcement January Interim dividend payable 7 June Ex-dividend date 11 June Registration qualifying date for final dividend 14 July Annual General Meeting 26 July Final dividend payable November Announcement of interim results (unaudited) LAND SECURITIES PLC Corporate Statement Home Contents We are committed to providing our shareholders Search with sustainable and growing returns underpinned by secure and increasing income, together with Next capital appreciation. Back We deliver these returns by developing and investing for the long term to create and enhance
    [Show full text]
  • Jia 117 (1990) 423-433
    NOTES ON THE FINANCIAL TIMES–ACTUARIES EQUITY SHARE INDICES IN 1989 BY J. C. H. BRUMWELL, M.A., F.I.A. ABSTRACT The process of updating company classificationscontinued. Seventy Index constituents were replaced during 1989,mostly as a result of takeovers, not quite a record. Only 46 replaced them, reflecting the difficulty in finding suitable new non-industrial constituents. The Mining Finance group was discontinued, but Engineering–Aerospaceand Water were introduced. Shipping & Transport was renamed Transport. KEYWORDS FT Actuaries Index; Ordinary Shares; London Market 1. Classification of Stock Exchange Securities by Industry The original classifications were set out in the 1970 note in this series (J.I.A. 97, 111–12). Subsequent amendments were set out in the notes for 1971–74, 1977, 1979–80 and 1983–88 (J.I.A. 97, 403; 99, 89; 100, 109; 101,199; 105, 85; 107, 81; 108, 85; 111, 203; 112, 87; 113, 173; 114, 143; 115, 333 and 116, 179). On 1 July 1989, a new category No. 21 (Aerospace) was introduced and 12 companies were reclassified in it from, with one exception, category No. 27 (Miscellaneous Mechanical Engineering). At the end of 1989, category No. 78 (Foreign Banks) was discontinued. All companies so classified joined category No. 77 (Banks), and the definition of the latter category was expanded additionally to include that of the former. The name of category No. 85, ‘Merchant Banks’, was simplified by dropping the words ‘and Issuing Houses’. Minor amendments were also made to the definitions of five categories during 1989. As a result of the quarterly meetings of the Classification Sub-Committee of the Joint Investment and Index Committee, the classifications of 56 companies were altered.
    [Show full text]
  • PLANNING COMMITTEE AGENDA 28 April 2016 PART 6
    PLANNING COMMITTEE AGENDA 28 April 2016 PART 6: Development Presentations 1 INTRODUCTION 1.1 This part of the agenda is for the committee to receive presentations on proposed developments, including when they are at the pre-application stage. 1.2 Although the reports are set out in a particular order on the agenda, the Chair may reorder the agenda on the night. Therefore, if you wish to be present for a particular application, you need to be at the meeting from the beginning. 1.3 The following information and advice applies to all those reports. 2 ADVICE TO MEMBERS 2.1 These proposed developments are being reported to committee to enable members of the committee to view them at an early stage and to comment upon them. They do not constitute applications for planning permission at this stage and any comments made are provisional and subject to full consideration of any subsequent application and the comments received as a result of consultation, publicity and notification. 2.2 Members will need to pay careful attention to the probity rules around predisposition, predetermination and bias (set out in the Planning Code of Good Practice Part 5.G of the Council’s Constitution). Failure to do so may mean that the Councillor will need to withdraw from the meeting for any subsequent application when it is considered. 3 FURTHER INFORMATION 3.1 Members are informed that any relevant material received since the publication of this part of the agenda, concerning items on it, will be reported to the Committee in an Addendum Update Report.
    [Show full text]
  • Merger Decision
    EN Case No IV/M.768 - Lucas / Varity Only the English text is available and authentic. REGULATION (EEC) No 4064/89 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 11/07/1996 Also available in the CELEX database Document No 396M0768 Office for Official Publications of the European Communities L-2985 Luxembourg COMMISSION OF THE EUROPEAN COMMUNITIES . Brussels, 11.07.1996 PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION Registered letter with advice of delivery: To the notifying parties Dear Sirs, Subject : Case No IV/M.768 - LUCAS / VARITY Notification of 10.6.1996 pursuant to Article 4 of Council Regulation (EEC) No 4064/89 1. The companies Lucas Industries plc, Solihull/UK ("Lucas"), and Varity Corporation, Buffalo, New York/USA ("Varity"), notified that they intend to enter into a full merger. Under the terms of the merger a new UK holding company, to be known as LucasVarity plc, will be created. The Lucas shareholders will own about 62% and the Varity shareholders about 38% of the new merged business. 2. After the examination of the notification, the Commission has concluded that the notified operation falls within the scope of application of Council Regulation (EEC) No 4064/89 ("Merger Regulation") and does not raise serious doubts as to its compatibility with the common market and with the functioning of the EEA Agreement. I. THE PARTIES 3. Lucas designs, manufactures and sales advanced technology systems and components for the automotive and aerospace industry, in particular braking systems, diesel fuel injection systems as well as electrical and electronic systems. In its last business year, ended July 1995, the company had a worldwide turnover of about ECU 3.5 billion, about ECU 2.5 billion of it was generated within the Community.
    [Show full text]
  • Book of Reference
    Book of Reference The Midland Metro Alliance - Eastside Extension Book of Reference Number Extent and description of Freehold owners or Lessees or reputed Tenants and Occupiers Remarks including on plan the land or property reputed freehold owners lessees special category land (1) (2) (3) (4) (5) (6) 1 2467 square metres, or Friends Life Limited William Hill William Hill Colmore Row and thereabouts, of offices, Organization Limited Organization Limited Environs shops and premises (1- (in respect of ground (in respect of ground Conservation Area 9 Temple Row, 71 and and mezzanine and mezzanine 91-99 Corporation floors, 78 Bull Street) floors, 78 Bull Street) Street, 78-86 Bull Street and 3-9 North Western Betting Shop HRS Family Law Arcade) Operations Limited Solicitors Limited (in (in respect of ground respect of 78B Bull and mezzanine Street) floors, 79 Bull Street) British Heart British Heart Foundation (in Foundation (in respect of 81 Bull respect of 81 Bull Street) Street) Easy Fashion Limited Easy Fashion Limited (trading as Colour & (trading as Colour & Beauty in respect of Beauty in respect of 83 Bull Street) 83 Bull Street) German Diner Limited German Diner Limited (in respect of (in respect of basement, ground, basement, ground, first and second first and second floors, 84 Bull Street) floors, 84 Bull Street) 1 The Midland Metro Alliance - Eastside Extension Book of Reference Number Extent and description of Freehold owners or Lessees or reputed Tenants and Occupiers Remarks including on plan the land or property reputed freehold
    [Show full text]
  • Mayflower House Team Valley Trading Estate Fifth Avenue, Gateshead, Ne11 0Sd
    MAYFLOWER HOUSE TEAM VALLEY TRADING ESTATE FIFTH AVENUE, GATESHEAD, NE11 0SD STRATEGICALLY LOCATED AND REFURBISHED MULTI LET OFFICE INVESTMENT INVESTMENT SUMMARY + Situated in one of Europe’s largest mixed use commercial location + Prominent position fronting one of the principal estate roads + Refurbished office accommodation totalling approx 27,978 sq ft + Total car parking of 112 spaces (1:249 sq ft) + Long leasehold interest with 99 years remaining at a fixed rent of £100 pa + Following refurbishment, the property has now been fully let in the last 10 months + Let to three tenants on five leases + AWULT to break of 4.7 years and 9.4 years to expiry + Strong covenant strengths of Worldpay Limited, Addison Motors Ltd and Datawright Computer Services Limited + Total passing rent of £257,050.50 pa + Low average passing rent of £9.30 psf + Quoting offers in excess of £2,626,000, which reflects a NIY of 9.25% and a low capital value of £94 psf NORTH TYNESIDE NEWCASTLE North Shields INTERNATIONAL Wallsend AIRPORT LOCATION South Shields NEWCASTLE UPON TYNE Gateshead is located in the North East of England. The town forms part of the Newcastle SOUTH Upon Tyne conurbation, located to the south of the River Tyne. The town is c. 95 miles TYNESIDE north of Leeds, 110 miles south east of Edinburgh and London is approximately 280 miles to the south. Gateshead has a resident population of circa 78,000 and c. 1,400,000 people live within A167 GATESHEAD Boldon 12 miles. By road, Gateshead benefits from excellent access to the A1 facilitating links with Southwick Leeds to the south and Edinburgh to the north.
    [Show full text]
  • Mobile Order (Via Costa App) Aberdeen
    Mobile order (via Costa app) Aberdeen - Bon Accord Centre AB25 1HZ Aberdeen - Cults AB15 9SD Aberdeen - Union Square AB11 5PS Aberdeen Bridge of Don DT AB23 8JW Aberdeen, Abbotswell Rd, DT AB12 3AD Aberdeen, Beach Boulevard RP, 1A AB11 5EJ Aberdeen, Marischal Sq AB10 1BL Aberdeen, Next, Berryden Rd, 4 AB25 3SG Aberdeen, Westhill SC, 27 AB32 6RL Abergavenny NP7 5RY Abergavenny, Head of the Valleys DT NP7 9LL Aberystwth SY23 1DE Aberystwyth Parc Y Llyn RP, Next SY23 3TL Accrington BB5 1EY Accrington, Hyndburn Rd, DT BB5 4AA Alderley Edge SK9 7DZ Aldershot GU11 1EP Alnwick NE66 1HZ Altrincham, Sunbank Lane, DT WA15 0AF Amersham HP6 5EQ Amersham - Tesco HP7 0HA Amesbury Drive Thru SP4 7SQ Andover SP10 1NF Andover BP DT SP11 8BF Andover, Andover Bus Station SP10 1QP Argyll Street W1F 7TH Ascot SL5 7HY Ashbourne DE6 1GH Ashford Int Station TN23 1EZ Ashford RP TN24 0SG Ashord - Tesco TN23 3LU Ashton OL6 7JJ Ashton Under Lyne DT OL7 0PG Atherstone, Grendon, Watling St, DT CV9 2PY Aviemore, Aviemore RP, U4 PH22 1RH Aylesbury HP20 1SH Aylesbury - Tesco HP20 1PQ Aylesbury Shopping Park HP20 1DG Ayr - Central, Teran Walk KA7 1TU Ayr - Heathfield Retail Park KA8 9BF Bagshot DT GU19 5DH Baker Street W1U 6TY Bakewell, King St DE45 1DZ Baldock SG7 6BN Banbury OX16 5UW Banbury Cross RP OX16 1LX Banbury, Stroud Park DT OX16 4AE Bangor LL57 1UL Bangor RP - Next LL57 4SU Banstead SM7 2NL Barking - Tesco IG11 7BS Barkingside IG6 2AH Barnard Castle DL12 8LZ Barnsley S70 1SJ Barnsley J36 DT Barnsley, Birdwell, Kestrel Way, DT S70 5SZ Barnstaple EX31 1HX Barnstaple
    [Show full text]