Drivers of performance

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Table 7 details the top six performing properties over £50m in each sector by revaluation surplus together with an explanation of the key drivers of their performance, which primarily relate to development activity in London Portfolio and rental value growth for the Retail Portfolio.

Table 7: Top six performing properties over £50m for Retail and London Portfolio


Retail Portfolio Valuation surplus
%
Description    London Portfolio Valuation surplus
%
Description
   
Corby Town Centre 4.6 Rental value growth  New Street Square, EC4 19.8 Development
Princesshay, Exeter 4.0 Development  Bankside 2&3, SE1 15.8 Development
Gunwharf Quays, Portsmouth 2.3 Rental income growth  140 Aldersgate, EC1 9.3 Rental value growth
Buchanan Galleries, Glasgow 1.1 Rental income growth  Selborne House, SW1 9.2 Potential development opportunity
Westwood Cross, Thanet 1.0 Rental value growth  70/88 Oxford Street, W1 6.8 Rental value growth
The Mall, Stratford 1.0 Rental value growth  Dashwood House, EC2 6.4 Development