AEW UK REIT PLC Summary by Sector as at 31 March 2021
Like- Like-
for for
Gross Gross like like
passing passing ERV Rental
Vacancy WAULT rental rental rental rental
Area to income (GBPm) income (GBPpsf) income
Number Valuation by ERV break (GBPpsf) growth growth
of (sq ft) ERV (GBPm)
assets (GBPm) (%) (years) (GBPm) (GBPm) %
Sector
Industrial 21 108.85 2,659,440 6.52 3.93 8.52 3.21 9.72 3.65 8.33 (0.29) (3.44)
Offices 5 36.80 252,358 19.81 3.11 2.36 9.37 3.56 14.09 2.97 (0.38) (13.48)
Alternatives 2 12.55 112,355 0.00 7.35 1.50 13.31 1.23 10.99 1.73 0.00 0.00
Standard 5 15.20 168,917 9.48 4.59 2.06 12.17 1.51 8.96 2.07 (0.41) (16.53)
Retail
Retail 1 5.60 51,021 0.00 3.01 0.61 11.96 0.52 10.09 0.61 0.00 0.00
Warehouse
Portfolio 34 179.00 3,244,091 8.96* 4.43 15.05 4.64 16.54 5.10 15.71 (1.08) (6.80) Summary by Geographical Area as at 31 March 2021
Like- Like-
Gross for for
Gross passing ERV Rental like like
Vacancy WAULT passing rental
Area to rental income (GBPpsf) income rental rental
Number Valuation by ERV break income (GBPm) (GBPpsf)
Geographical of (sq ft) ERV (GBPm) growth growth
area assets (GBPm) (%) (years) (GBPm)
(GBPm) %
Yorkshire and 8 38.17 1,027,801 4.93 2.84 3.23 3.14 3.64 3.53 3.20 (0.34) (9.60)
Humberside
South East 5 27.68 195,545 7.63 3.83 2.02 10.35 2.18 11.14 2.29 (0.35) (13.26)
Eastern 5 22.05 344,885 11.57 3.04 1.85 5.36 2.05 5.94 1.66 (0.23) (12.17)
South West 4 25.30 448,357 9.85 2.24 2.23 4.98 2.48 5.54 1.88 0.01 0.60
West Midlands 3 12.70 363,722 5.50 5.30 1.18 3.24 1.14 3.14 1.78 0.10 8.63
East Midlands 1 3.90 28,219 0.00 5.57 0.39 13.64 0.39 13.80 0.58 (0.11) (21.57)
North West 4 16.35 302,061 0.00 4.52 1.40 4.64 1.36 4.51 1.35 (0.09) (6.25)
Wales 2 16.10 376,138 0.00 8.08 1.25 3.31 1.39 3.69 1.31 0.00 0.00
Greater 1 9.25 71,720 0.00 10.62 0.96 13.40 0.75 10.45 1.01 0.00 0.00
London
Scotland 1 7.50 85,643 51.07 1.31 0.54 6.33 1.16 13.54 0.65 (0.07) (9.72)
Portfolio 34 179.00 3,244,091 8.96* 4.43 15.05 4.64 16.54 5.10 15.71 (1.08) (6.80) *excluding the vacancy from 225 Bath Street Glasgow, which has exchanged to be sold with the condition of vacant possession, the vacancy rate is 5.58%.
Properties by Market Value as at 31 March 2021
Sector weighting by valuation - high industrial weighting and low exposure to retail
Sector Percentage Industrial 60.8% Offices 20.6% Standard retail 8.5% Leisure 7.0% Retail Warehouse 3.1%
Geographical weighting by valuation - highly diversified across the UK
Region Percentage Yorkshire and Humberside 21.3% South East 15.5% South West 14.1% Eastern 12.3% North West 9.1% Wales 9.0% West Midlands 7.1% Rest of London 5.2% Scotland 4.2% East Midlands 2.2%
Properties by Market Value as at 31 March 2021
Market Value
Property Sector Region
Range
(GBPm)
Top 10:
1. Eastpoint Business Park, Oxford Offices South East 10.0-15.0
2. Gresford Industrial Estate, Wrexham Industrial Wales 10.0-15.0
3. 40 Queen Square, Bristol Offices South West 10.0-15.0
4. London East Leisure Park, Dagenham Leisure Rest of London 7.5-10.0
5. Langthwaite Grange Industrial Estate, South Kirkby Yorkshire and Humberside
Industrial 7.5-10.0
Yorkshire and Humberside
6. Lockwood Court, Leeds Industrial 7.5-10.0
7. Storeys Bar Road, Peterborough Industrial Eastern 7.5-10.0
8. 225 Bath Street, Glasgow Offices Scotland 7.5-10.0
9. Sarus Court Industrial Estate, Runcorn Industrial North West 5.0-7.5
Yorkshire and Humberside
10. Euroway Trading Estate, Bradford Industrial 5.0-7.5 The Company's top 10 properties listed above comprise 49.7% of the total value of the portfolio.
Market Value
Property Sector Region
Range
(GBPm)
11. Apollo Business Park, Basildon Industrial Eastern 5.0 - 7.5
12. Brockhurst Crescent, Walsall Industrial West Midlands 5.0 - 7.5
13. Barnstaple Retail Park Retail Warehouse South West 5.0 - 7.5
14. Westlands Distribution Park, Weston Industrial South West 5.0 - 7.5
15. Walkers Lane, St. Helens Industrial North West <5.0
Yorkshire and Humberside
16. Diamond Business Park, Wakefield Industrial <5.0
17. Excel 95, Deeside Industrial Wales <5.0
18. Cranbourne House, Basingstoke Industrial South East <5.0
19. Oak Park, Droitwich Industrial West Midlands <5.0
20. Pearl Assurance House, Nottingham Standard Retail East Midlands <5.0
Yorkshire and Humberside
21. Brightside Lane, Sheffield Industrial <5.0
22. Above Bar Street, Southampton Standard Retail South East <5.0
23. Commercial Road, Portsmouth Standard Retail South East <5.0
24. Cedar House, Gloucester Offices South West <5.0
Yorkshire and Humberside
25. Magham Road, Rotherham Industrial <5.0
26. Odeon Cinema, Southend Leisure Eastern <5.0
27. Pipps Hill Industrial Estate, Basildon Industrial Eastern <5.0
28. Bank Hey Street, Blackpool Standard Retail North West <5.0
29. Eagle Road, Redditch Industrial West Midlands <5.0
30. Clarke Road, Milton Keynes Industrial South East <5.0
Yorkshire and Humberside
31. Knowles Lane, Bradford Industrial <5.0
32. Vantage Point, Hemel Hempstead Offices Eastern <5.0 (MORE TO FOLLOW) Dow Jones Newswires
June 24, 2021 02:03 ET (06:03 GMT)
