For all the woes of the high street, the strategic players in property continue to perform. Office space specialist Derwent London heads the sector, thanks to a portfolio focused only
on premium buildings and locations in the capital. Second-place Shaftesbury, which made £13m worth of acquisitions in its first half, concentrates its efforts even more closely, on retail in the West End and Soho, where it owns more than 11 acres. Great Portland Estates edges up a place, having acquired the former ITN headquarters 200 Gray’s Inn Road for £133m. The only new entry in the top five is out-of-town mall owner Land Securities: with half-yearly profits before tax of £379m, it leapfrogs Hammerson to fourth place.
BMAC 2011 by sector: Property
|British Land Company||5.8||9||7.9||3||6.9||6||5.8||8|
|Capital & Counties||7.0||6||5.9||9||6.8||7||7.0||5|
|Capital Shopping Centres||5.1||10||5.7||10||6.3||9||5.4||10|
|Great Portland Estates||8.5||2||7.6||6||7.7||3||7.1||4|
|London & Stamford Property||7.2||4||7.5||7||6.4||8||6.9||6|