Rental income across the Howard de Walden Estate’s 92 acre Marylebone portfolio rose by 9.1% last year helping lift the value of the estate by 12.9% to £3.7bn.
The company’s revenue profit in the year to the end of March 2015 rose 12.8% to £45m.
Howard de Walden chief executive Toby Shannon said: “The main focus of our business is on increasing rental income and profitability over the long term. Over the four years from 2011 to 2015, rental income and revenue profits have risen by 34% and 38% respectively.”
Medical buildings around Harley street and shops and restaurants on and around Marylebone High Street enjoyed the most rental growth and helped drive capital growth across the estate.
During the year the estate also completed its third private placement, raising £100m at an average rate of 3.63% over 10 to 20 years.
