We own 15 office assets. Whilst some assets have single occupiers, on the whole our buildings are multi-let. By value, these are biased towards London and the South East but we also have multi-let buildings in Glasgow, Manchester and Bristol.
Key metrics as at 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| Value | £245.4m | £259.1 million |
| Internal Area | 0.8m sq ft | 0.8m sq ft |
| Passing Rent | £13.1m | £12.9 million |
| Estimated Rental Value | £19.0m | £19.0 million |
| Occupancy | 82% | 81% |
| Number of Assets | 15 | 15 |
*The 2020 figures have been restated to reflect Stanford Building now reclassified as an office.
Portfolio as at 31 March 2021
| Property | Area (sq ft) | Freehold/ Leasehold |
|---|---|---|
| Colchester Business Park, The Crescent, Colchester, Essex | 150,700 | Leasehold |
| 30 & 50 Pembroke Court, Chatham, Kent | 86,100 | Leasehold |
| Longcross Court, Newport Road, Cardiff | 72,100 | Freehold |
| Metro, Salford Quays, Manchester | 71,000 | Freehold |
| Tower Wharf, Cheese Lane, Bristol | 70,600 | Freehold |
| Angel Gate, City Road, London | 64,600 | Freehold |
| 401 Grafton Gate East, Milton Keynes | 57,200 | Freehold |
| 180 West George Street, Glasgow | 52,100 | Freehold |
| Queens House, St Vincent Place, Glasgow | 49,400 | Freehold |
| Sentinel House, Harvest Crescent, Fleet | 33,500 | Freehold |
| 50 Farringdon Road, London EC1 | 31,000 | Leasehold |
| Waterside House, Kirkstall Road, Leeds | 25,200 | Freehold |
| Atlas House, Third Avenue, Marlow, Bucks | 24,800 | Freehold |
| Stanford Building, Long Acre, London WC2 | 20,100 | Freehold |
| Trident House, Victoria Street, St Albans | 19,000 | Freehold |
Largest occupiers as at 31 March 2021
| Occupier | % of total portfolio | |
|---|---|---|
 | Public Sector | 3.0 |
 | Portal Chatham LLP | 1.9 |
 | Canterbury Christ Church University | 1.6 |
 | PA Consulting Services Limited | 1.5 |
 | Volker Wessels UK Limited | 1.5 |