Continued track record of outperformance against the MSCI Index
Adapted to changing market conditions with further roll out of SwiftSpace, our flexible leasing solution, at multi-let offices
Secured valuable alternative uses at selected office assets
Set up Climate Action Working Group to ensure cohesive approach to net zero commitments
Record results demonstrating success of strategy and business model
Became signatory to the Better Buildings Partnership Climate Commitment
Published our net zero carbon pathway
Implemented third party data assurance for GRESB submission
Outperformed the MSCI UK Quarterly Property Index for ninth consecutive year
Acquired two industrial assets and disposed of one retail asset
Rent collection returned to pre-pandemic levels
Increased dividends paid back to pre-pandemic level
Lena Wilson CBE joins as new Chair
Provided assistance to over 90 occupiers during the Covid-19 pandemic
Increased dividends twice during the year, with payments almost back to pre-pandemic levels
Reduction in property running costs to assist our occupiers
Joined the Better Buildings Partnership
Started journey to developed pathway to net zero carbon
reduced retail exposure to 11% from 30% in 2012
Sixth consecutive year of upper quartile performance against MSCI UK Quarterly Property Index
Supported occupiers in face of Covid-19 global pandemic
Strengthened balance sheet and reduced loan to value ratio to 22%
Embedded sustainability into corporate strategy, completing materiality assessment review
Incorporated energy efficiency measures into building refurbishments
Further developed occupier and employee engagement programmes
As part of our fifteenth year anniversary celebrations, we created a funding award of £15,000 to support not-for-profit community organisations where we own buildings.
Continued NAV growth - trading at premium to NAV
Raised new equity
Repaid debt, reducing LTV
EPRA gold award for financial and sustainability reporting
Completed and instructed Capex projects with a value of c. £15 million
Tower Wharf selected as winner of the ‘Greener Path Award’ achieving Zero % to Landfill during 2018
Relaunched our Picton Promise with five key commitments to our occupiers; Action, Community, Technology, Support and Sustainability
Launched occupier matched giving initiative and embarked on new partnership with youth charity, Coram
Continued outperformance of the MSCI Quarterly Benchmark
Money Observer Trust Awards – Best Property Trust UK
