Property Portfolio Statistics

Portfolio overview  

It has been another strong year, with the property portfolio maintaining a high capacity utilisation level across all sectors.Specifically, the commercial office market sector is facing an increased vacancy levelthat may result in variable performance across the sector. However, the market in general is displaying positive net absorption of space, with demand exceeding supply and replacement costs in many cases well above current values. If retail expansion continues in the year ahead, the retail sector will begin to show rental growth.

Total portfolio by sector

As at January 2012

 

Total portfolio by region

As at January 2012

 

Portfolio weighted average lease term (WALT)

The weighted average lease term ended the year at 4.84 years, the slight reduction from last year's 5.0 years being a reflection of the trend mentioned earlier for tenants to be more disposed to renew existing leases on shorter terms reflecting the uncertainty of the current economic situation.

Lease expiry

It has been another strong year, with the property portfolio maintaining a high capacity utilisation level. With only 15% of leases due to expire over the next 12 months, management focus will continue to insure occupancy rates remain at a high level. The property management team is in discussion with tenants whose leases are due to expire over the next 24 months and is focused on ensuring the company maintains a high tenant retention rate.

 

 

Top of page