Developing buildings is a fundamental part of our business. It involves higher risk than investing in properties and requires careful management and assessment, as well as an understanding of market cycles.
We regularly undertake major development and refurbishment programmes. We distinguish our development activities into those that are fully committed and underway and potential or prospective developments which may be activated at some point in the future. Today, we have a significant committed development programme underway, mainly in the London market and are building a pipeline of potential development projects as a store of future value for the business.
