Property Investment Board Performance

The City of London’s Property Investment Portfolio delivered strong upper quartile performance for the year ending 31 March 2017. The MSCI UK March 2017 Annual March Universe assesses the property performance of 231 property portfolios, containing 10,105 properties, valued at £185.7 billion as at 31 March 2017. The City of London subscribes to and contributes data to MSCI to allow its three commercial estates to be benchmarked against the MSCI Universe Benchmark and a specialist benchmark.The overall performance of the three Property Investment Portfolios has been amalgamated into a “House Fund”.

As at 31 March 2017 the City of London’s performance was:

All funds outperformed MSCI Benchmark return and UK Universe The House Fund has outperformed its benchmark and Universe over a 1, 3, 5, 10 and 20 year period being in the 5th, 4th, 3rd, 3rd, and 2nd percentile rank over the respective periods.

The strong upper quartile performance from all three funds, and the “House Fund”, has been achieved through active management of the City’s investment property at a portfolio and property level to maximise income and investment performance. This includes identifying opportunities to redevelop and refurbish property at the end of its economic life, either directly or in joint ventures with development partners.