Developments

Scheme  Ownership      Lettable area Earliest start Potential completion Value at 30/6/13 Estimated costs to complete(1) Estimated annual income (2) Let 
m2 £m £m £m %
ON SITE
Les Terrasses du Port, Marseille 100% 61,000 Commenced Q2 2014 386 80 28 93
Abbotsinch, Paisley 100% 5,000 Commenced Q2 2014 n/a 7 1 87
O’Parinor, Aulnay-sous-bois 25% 7,200 Commenced Q4 2014 n/a 2 1 100
Cyfarthfa, Merthyr Tydfil 100% 14,500 Commenced Q1 2015 n/a 19 2 46
Silverburn extension, Glasgow 50% 10,900 Commenced Q1 2015 n/a 8 1 84
Le Jeu de Paume, Beauvais 100% 23,800 Commenced Q3 2015 9 60 5 42
 Victoria Gate, Leeds (Phase 1) 100% 34,300 Commenced Q3 2016 10 135 10 28
 TOTAL  156,700  311  48
MAJOR DEVELOPMENTS (>30,000SQM)
Croydon Town Centre 50% 200,000 2015 2018 500 35 -
The Goodsyard, London E1(4) 50% 260,000 2016 Phased 140 - -
Brent Cross extension London 41% 90,000 2016 2019 350 26 -
550,000 990 61
EXTENSIONS/REDEVELOPMENTS (<30,000 SQ M)
Elliott’s Field, Rugby 100% 16,000 2014 2015 36 3 13
Watermark WestQuay, Southampton 100% 18,000 2014 2016 70 5 29
Brent Cross Leisure, London 41% 9,000 2016 2018 35 2 13
20
71,100        126  10
PIPELINE
   
SQY Ouest, Saint Quentin-en-Yvelines 50% 31,700 2014 2015 11 2 30
Halle en Ville, Mantes 100% 32,000 2015 2017 120 9
Italie Deux, Paris 13eme 100% 4,800 2015 2017 25 2
Victoria Gate, Leeds (Phase 2) 100% 73,000 2018 221 480 40
TOTAL 141,500   636 53
891,200 2,063 172
 

Notes:

1 Incremental capital cost including capitalised interest

2 Incremental income net of head rents and after expiry of rent-free periods

3 Let or in solicitors’ hands by income at 31 January 2014

4 Area and cost reflects phase 1 of the scheme only.  Income not applicable due to residential component of the scheme

5  € converted at £1 = €1.202