Our business model
We have a resilient business model powered by conscious commercialism.
We have a distinctive approach that combines smart, progressive business thinking with a powerful sense of stewardship. We call this conscious commercialism.
It’s about being astute and enterprising in how we create value today, while also taking a considered, long-term view of the assets we manage.
What we do
We buy and sell
We plan, construct and refurbish
We manage our assets to increase their value
We add value for tenants, visitors and communities
The things we rely on
We draw upon our resources and relationships as inputs to our business model and are constantly transforming them through our activities.
The value we create
We consistently create significant financial value for the UK taxpayer, and tangible, long-term value, measured via our resources and relationships, for all of our stakeholders.
Increase in annual revenue profit
Improvement in emissions intensity
Increase in total property value
Suppliers paid within 30 days
Total return outperformed our target of 16.2% (IPD bespoke benchmark)
Great place to work staff engagement score
+12.2% capital value
Our contribution to the Treasury
Our annual net revenue profit is paid to the Treasury.
+6.7% net revenue profit paid to the Treasury
Generated for the Treasury in the last 10 years
Investment into the business
We access capital to invest in our portfolios via strategic partnerships and the sale of non-core ex-growth assets.
Inflow of funds from capital activity
Capital activity in 2015/16