Despite challenging market conditions, MEPC continued to increase rental income for the third consecutive year as 2009 drew to a close.In 2007, income was up by 11% across the eight estates, followed by an 8% increase achieved in 2008. During 2009, which will go down historically as one of the most difficult years on record for the property industry, MEPC still delivered an increase to the portfolio rental of 1.6% through a total number of 92 lettings across 620,000 sq ft of commercial floorspace.
The year also saw MEPC achieving an industry leading customer retention rate of over 90% at lease expiry/break.
In 2010, MEPC expects to continue its revenue growth with the lettings of Riverside at Granta Park, Building 100 at Milton Park and award winning Central 40 at Chineham Park. All the Estates are primed to welcome pre-lets with detailed planning permissions in place for state of the art, environmentally efficient buildings which can be constructed to customer specific requirements at short notice.
This unique position puts MEPC at the forefront of the industry.
