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Lease expiries: 9-year rolling rent

Definitions

Represents the annual rent expiring in the ninth year after the financial reporting year (see #9.12)

Lease expiries: 10-year rolling rent

Definitions

Represents the annual rent expiring in the tenth year after the financial reporting year (see #9.12)

Lease expiries: 10-year+ rolling rent

Definitions

Represents the annual rent expiring in the tenth-plus year after the financial reporting year (see #9.12)

Total annual rent

Definitions

Represents sum of annual rent for all in-place leases. Sum of #9.12.1 to #9.12.11

Weighted average unexpired lease term (WAULT)

Definitions

Average remaining lease term in years where shorter of the first tenant break or lease expiry is used, weighted by current headline rent per annum.

Fair value of development portfolio

Definitions

The appraised market value of property under construction or development for future use as determined by an external or internal valuer. These are excluding right of use assets und ...

Current development exposure as % of GAV

Definitions

% of Vehicle GAV that is invested in development projects excluding Right of Use Assets. Calculated as fair value of development portfolio (#9.14) over INREV GAV (#4.7).

Projected % of current remaining capital commitments to be invested in future development projects

Definitions

Based on manager's estimates.

Cost of development portfolio

Definitions

All costs paid up until and including the reporting period in relation to all assets under development.

Currency exposure

Definitions

Net amount of balances denominated in currencies other than the vehicle currency expressed as a percentage of NAV (#3.2). 

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