Portfolio Review continued
Office
The office sector accounts for 30% of the portfolio and delivered positive performance driven by leasing activity and active management.
Key metrics £251.1m Valuation (2021: £245.4m) 0.8m sq ft Internal area (2021: 0.8m sq ft) £14.0m Annual passing rent (2021: £13.1m)
8
£19.3m Estimated rental value (2021: £19.0m) 87%
12
15
7
Occupancy (2021: 82%) 15 Number of assets (2021: 15)
6
9
10
13
4 2
11
1
3
5
14
Locations
1 Stanford Building London WC2
5 30 & 50 Pembroke Court Chatham 86,000 sq ft – Leasehold 6 Colchester Business Park Colchester 150,500 sq ft – Leasehold 7 Metro Manchester 71,000 sq ft – Freehold 8 180 West George Street Glasgow 52,200 sq ft – Freehold
9 401 Grafton Gate Milton Keynes
13 Atlas House Marlow
19,600 sq ft – Freehold
57,400 sq ft – Freehold
24,800 sq ft – Freehold
2 Angel Gate London EC1
10 Trident House St Albans
14 Sentinel House Fleet
64,600 sq ft – Freehold
19,000 sq ft – Freehold
33,500 sq ft – Freehold
3 Tower Wharf Bristol
11 Longcross Cardiff
15 Waterside House Leeds
70,600 sq ft – Freehold 4 50 Farringdon Road London, EC1 31,300 sq ft – Leasehold
69,700 sq ft – Freehold
25,200 sq ft – Freehold
12 Queens House Glasgow
49,400 sq ft – Freehold
Picton Property Income Limited Annual Report 2022
40
Powered by FlippingBook