Portfolio analysis

1.The Trafford Centre, Manchester Market value		2. Lakeside, Thurrock Market value		3. MetroCentre, Gateshead Market value		4. Braehead, Glasgow Market value		5. The Harlequin, Watford Market value
£1,650m Size (sq. ft.)		£1,053m Size (sq. ft.)		£843m Size (sq. ft.)		£576m Size (sq. ft.)		£353m Size (sq. ft.)
1,900,000 % ownership		1,434,000 % ownership		2,089,000 % ownership		1,060,000 % ownership		726,000 % ownership
100% Number of stores		100% Number of stores		90%† Number of stores		100% Number of stores		93% Number of stores
230 Occupancy		259 Occupancy		350 Occupancy		122 Occupancy		147 Occupancy
98% Day 1 income		99% Annual property income		97.5% Annual property income		99.3% Annual property income		96.9% Annual property income
£88m Headline rent ITZA §		£57.1m Headline rent ITZA §		£52.2m Headline rent ITZA §		£30.3m Headline rent ITZA § ¶		£19.7m Headline rent ITZA §
£400 Key stores		£339 Key stores		£325 Key stores		£225 Key stores		£284 Key stores
Selfridges, Debenhams, John Lewis, Marks & Spencer ABC1 customers (%)#		Apple Store, Argos, Debenhams, House of Fraser, Marks & Spencer, Next, Primark, Zara, Top Shop ABC1 customers (%)#		Bhs, Debenhams, House of Fraser, Marks & Spencer, Next, New Look, Primark ABC1 customers (%)#		Bhs, Boots, HMV, Marks & Spencer, Monsoon, Primark ABC1 customers (%)#		Boots, H&M, HMV, John Lewis, Marks & Spencer, Next, Primark ABC1 customers (%)#
69%		53%		54%		52%		71%

^† Interest of the MetroCentre Partnership in the MetroCentre (90 per cent) and the Metro Retail Park (100 per cent). Capital Shopping Centres owns 60 per cent of the MetroCentre Partnership, which is consolidated as a subsidiary.

^§ Annual contracted rent per square foot after expiry of concessionary periods in terms of zone A.

^# Proportion of customers within UK social groups A, B and C1, defined as members of households whose chief earner's occupation is professional, higher or intermediate management or supervisory.

^¶ Based on Scottish standard calculation, using 30ft zones. English equivalent £300.

6. Victoria Centre, Nottingham Market value		7. Arndale, Manchester Market value		8. Eldon Square, Newcastle Market value		9. St David's, Cardiff Market value		10.Chapelfield, Norwich Market value
£337m Size (sq. ft.)		£336m Size (sq. ft.)		£250m Size (sq. ft.)		£243m Size (sq. ft.)		£236.1 Size (sq. ft.)
981,000 % ownership		1,600,000 % ownership		1,350,000 % ownership		1,395,000 % ownership		530,000 % ownership
100% Number of stores		48%* Number of stores		60% Number of stores		50% Number of stores		100% Number of stores
127 Occupancy		232 Occupancy		153 Occupancy		205 Occupancy		95 Occupancy
98.4% Annual property income		100% Annual property income		98.6% Annual property income		97.1%** Annual property income		99.0% Annual property income
£20.7m Headline rent ITZA §		£21.4m Headline rent ITZA §		£12.7m Headline rent ITZA §		£11.9m Headline rent ITZA §		£14.5m Headline rent ITZA §
£216 Key stores		£220 Key stores		£300 Key stores		£250 Key stores		£208 Key stores
Boots, HMV, John Lewis, Marks & Spencer, Next, Top Shop ABC1 customers (%)#		Apple Store, Bhs, Boots, Next, Sports Direct, TK Maxx, Top Shop ABC1 customers (%)#		Argos, Boots, Debenhams, Fenwicks, John Lewis, Marks & Spencer, Waitrose ABC1 customers (%)#		Apple Store, Debenhams, H&M, John Lewis, Marks & Spencer, New Look ABC1 customers (%)#		Apple Store, Boots, H&M, House of Fraser, Zara ABC1 customers (%)#
60%		55%		52%		66%		58%

^* Interest is through a joint venture owning 95 per cent of the Arndale, Manchester, and 90 per cent of New Cathedral Street, Manchester.

^** St Davids, Cardiff occupancy excludes recently completed extension.

^§ Annual contracted rent per square foot after expiry of concessionary periods in terms of zone A.

^# Proportion of customers within UK social groups A, B and C1, defined as members of households whose chief earner's occupation is professional, higher or intermediate management or supervisory.

11. Cribbs Causeway, Bristol Market value		12. Chimes, Uxbridge Market value		13. The Potteries, Stoke-on-Trent Market value		14. Glades, Bromley Market value
£221m Size (sq. ft.)		£217.1m Size (sq. ft.)		£201.2m Size (sq. ft.)		£177.7m Size (sq. ft.)
1,025,000 % ownership		440,000 % ownership		566,000 % ownership		463,000 % ownership
33%◊ Number of stores		100% Number of stores		100% Number of stores		64% Number of stores
144 Occupancy		69 Occupancy		89 Occupancy		142 Occupancy
97.3% Annual property income		99.3% Annual property income		100% Annual property income		97.9% Annual property income
£13.1m Headline rent ITZA §		£14m Headline rent ITZA §		£14.6m Headline rent ITZA §		£10.8m Headline rent ITZA §
£305 Key stores		£205 Key stores		£172 Key stores		£190 Key stores
Bhs, Boots, HMV, John Lewis, Marks & Spencer, Next ABC1 customers (%)#		Debenhams, Bhs, Boots, Next, H&M, Gap ABC1 customers (%)#		Debenhams, Next, Primark ABC1 customers (%)#		Marks & Spencer, Debenhams, Zara, Boots ABC1 customers (%)#
75%		67%		41%		66%

^◊ Interest is through a joint venture owning 66 per cent of the Mall at Cribbs Causeway and 100 per cent of The Retail Park, Cribbs Causeway.

^§ Annual contracted rent per square foot after expiry of concessionary periods in terms of zone A.

^# Proportion of customers within UK social groups A, B and C1, defined as members of households whose chief earner's occupation is professional, higher or intermediate management or supervisory.