Scheme  Ownership      Lettable area Earliest start Potential completion Value at 30/6/14 Estimated costs to complete(1) Estimated annual income (2) Let 
m2 £m £m £m %
ON SITE
O’Parinor, Aulnay-sous-bois, Paris 25% 7,200 Commenced Q4 2014 n/a 1 1 100
Silverburn extension, Glasgow 50% 10,900 Commenced Q1 2015 n/a 6 1 91
Cyfarthfa, Merthyr Tydfil 100% 14,500 Commenced Q2 2015 n/a 16 2 38
Le Jeu de Paume, Beauvais 100% 23,800 Commenced Q3 2015 n18 52 5 50
 Victoria Gate, Leeds (Phase 1) 100% 34,300 Commenced Q3 2016 10 135 10 28
 TOTAL  90,700  195
 19
MAJOR DEVELOPMENTS (>30,000SQM)
The Goodsyard, London E1(4) 50% 260,000 2016 Phased 140 - -
Whitgift, Croydon 50% 200,000 2015 2018 500 35 -
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 35 3 13
Watermark WestQuay, Southampton 100% 17,000 2014 2016 75 5 29
Brent Cross Leisure, London 41% 9,000 2016 2018 35 2 13
20
42,000        130  10
PIPELINE
   
Italie Deux, Paris 13eme 100% 5,000 2015 2017 25 2 30
SQY Ouest, Saint Quentin-en-Yvelines 50% 31,700 2015 2016 11 2
Victoria Gate, Leeds (Phase 2) 100% 73,000 2018 2021 480 40
TOTAL 109,700   516 44
792,400 1,831 134
 

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 Cost reflects phase 1  only.  Due to residential component of the scheme, area is gross external and income is not applicable

5  € converted at £1 = €1.249.  Value, costs and income represent the Group’s share for joint ventures