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Comparison of Key Figuresclose
 
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2008

Cabot Circus,
Bristol

High quality development due for full completion autumn 2008.

2008

The Elements,
Livingston

Transformation of retail in Livingston, due for completion autumn 2008.

2009

St David’s 2,
Cardiff

Major mixed-use development incorporating urban regeneration.

2012

Trinity Quarter,
Leeds

Busy city shopping centre to be integrated with The Plaza.

Retail development pipeline at 31 March 2009

Property Description
of use
Ownership
Interest %
Size
m2
Planning
status
Letting
status
Income/
ERV
£m
Estimated/
actual
completion
date
Total
develop-
ment
cost to date
£m
Forecast total
develop-
ment
cost
£m
Shopping centres and shops
Developments completed
Willow Place, Corby Retail 100 16,260 83 2 Oct 2007 42 42
Cabot Circus, Bristol – Retail 50 83,610 91 17 Sept 2008 257 257
The Bristol Alliance – a limited Leisure 9,000
partnership with Hammerson Residential 18,740
The Elements, Livingston Retail 100 32,000 80 8 Oct 2008 166 166
Leisure 5,670
Developments approved and those in progress
St David’s, Cardiff – St David’s Retail/Leisure 50 89,900 28 17 Oct 2009 240 347
Partnership – a limited partnership with Liberty International Residential 16,500
Proposed development
Trinity Quarter, Leeds Retail 75 92,000 PR n/a n/a 2012 n/a n/a
Retail warehouses
Developments, let and transferred or sold
Angel Road Retail Park, Edmonton Retail 100 3,480 100 1 Mar 2009 19 19
  • Floor areas shown above represent the full scheme whereas the cost represents our share of costs. Letting % is measured by ERV and shows letting status at 31 March 2009. Trading property development schemes are excluded from the development pipeline. Cost figures for proposed schemes are not given as these could still be subject to material change prior to final approval.
  • Planning status for proposed developments
    PR – Planning Received
  • Total development cost (£m)
    Total development cost refers to the book value of the land at the commencement of the project, the estimated capital expenditure required to develop the scheme from the start of the financial year in which the property is added to our development programme, together with finance charges.
  • Net income/ERV
    Net income/ERV represents headline annual rent payable on let units plus ERV at 31 March 2009 on unlet units.