UandI Preliminary results Feb 2017 - Revision history

Designing Buildings at 07:20, 6 February 2021

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	* [[Articles_by_U_and_I\|Articles by U+I on Designing Buildings Wiki.]]		* [[Articles_by_U_and_I\|Articles by U+I on Designing Buildings Wiki.]]
−	* [[Could_microhousing_tackle_London~~'s_housing_crisis?~~\|Could microhousing tackle London's housing crisis]]?	+	* [[Could_microhousing_tackle_London%27s_housing_crisis%3F\|Could microhousing tackle London's housing crisis]]?
−	* [[Interview_with_Simon_Hesketh_-_UandI~~'s_Regeneration_Director~~\|Interview with Simon Hesketh - UandI's Regeneration Director]].	+	* [[Interview_with_Simon_Hesketh_-_UandI%27s_Regeneration_Director\|Interview with Simon Hesketh - UandI's Regeneration Director]].
	* [[UandI_at_MIPIM_2017\|UandI at MIPIM 2017]].		* [[UandI_at_MIPIM_2017\|UandI at MIPIM 2017]].

−	[[Category:~~Do_not_autolink~~]] [[Category:~~Organisations~~]] [[Category:~~DCN_Organisation~~]] [[Category:~~Publications_/_reports~~]] [[Category:~~News~~]] [[Category:~~DCN_News~~]]	+	[[Category:DCN_Collection]] [[Category:DCN_News]] [[Category:Do_not_autolink]] [[Category:News]] [[Category:Organisations]] [[Category:Publications_/_reports]]

Designing Buildings: moved Preliminary results Feb 2017 to UandI Preliminary results Feb 2017

2017-04-28T07:36:27Z

moved Preliminary results Feb 2017 to UandI Preliminary results Feb 2017

← Older revision

Revision as of 07:36, 28 April 2017

Designing Buildings at 10:30, 27 April 2017

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	* [[Articles_by_U_and_I\|Articles by U+I on Designing Buildings Wiki.]]		* [[Articles_by_U_and_I\|Articles by U+I on Designing Buildings Wiki.]]
−	* Could microhousing tackle London's housing crisis?	+	* [[Could_microhousing_tackle_London's_housing_crisis?\|Could microhousing tackle London's housing crisis]]?
−	* Interview with Simon Hesketh - UandI's Regeneration Director.	+	* [[Interview_with_Simon_Hesketh_-_UandI's_Regeneration_Director\|Interview with Simon Hesketh - UandI's Regeneration Director]].
−	* UandI at MIPIM 2017.	+	* [[UandI_at_MIPIM_2017\|UandI at MIPIM 2017]].

−	[[Category:Do_not_autolink]] [[Category:Organisations]] [[Category:Publications_/_reports]] [[Category:News]]	+	[[Category:Do_not_autolink]] [[Category:Organisations]] [[Category:DCN_Organisation]] [[Category:Publications_/_reports]] [[Category:News]] [[Category:DCN_News]]

Designing Buildings at 10:27, 27 April 2017

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	* UandI at MIPIM 2017.		* UandI at MIPIM 2017.

−	[[Category:Organisations]] [[Category:Publications_/_reports]] [[Category:News]]	+	[[Category:Do_not_autolink]] [[Category:Organisations]] [[Category:Publications_/_reports]] [[Category:News]]

Building Research & Information at 10:26, 27 April 2017

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−	[[File:Uandiinstallation.jpg]]	+	[[File:Uandiinstallation.jpg\|link=File:Uandiinstallation.jpg]]

−	On 26 April 2017, regeneration and development firm U+I reported ~~their~~ preliminary results for the year ended 28 February 2017.	+	On 26 April 2017, regeneration and development firm U+I reported preliminary results for the year ended 28 February 2017.

−	The ~~headline points were as follows:~~	+	The headlines included:
−		+
−	~~Financial highlights – strong performance in second half and third consecutive supplemental dividend declared:~~	+
−		+
−	* £35m of development and trading gains realised in line with guidance.	+
−	* 8.7 pence per share of total dividends (2016: 13.9p) including declared supplemental dividend of 2.8 pence per share, to be paid on 16 June 2017.	+
−	* Basic net asset value (NAV) of 278 pence per share (2016: 291 pence per share).	+
−		+
−	~~Operational highlights – delivering against strategy with portfolio strengthened to drive future growth:~~	+
−		+
−	* Four new large-scale PPP projects won, adding £90m to pipeline of gains from 2020 and £1.5bn of gross development value to portfolio.	+
−	* Investment portfolio values stabilised in H2 – overall decline of £6.8m during the year (2016: £1.7m valuation increase). £18.0m of non-core investment asset disposals in line with strategy to reposition investment portfolio and drive higher returns.	+
−	* Two specialist platforms established – joint ventures with Proprium Capital Partners and Colony NorthStar to leverage our equity and intellectual capital and generate fees.	+
−		+
−	~~Outlook – visibility on strong pipeline of gains from regeneration activity~~:	+

		+	* Four new large-scale PPP projects were won, adding £90m to the pipeline of gains from 2020 and £1.5bn of gross development value to the portfolio.
		+	* Two specialist platforms were established – joint ventures with Proprium Capital Partners and Colony NorthStar to leverage equity and intellectual capital and generate fees.
		+	* Investment portfolio values stabilised.
		+	* £18.0m of non-core investment asset disposals in line with the strategy to reposition the investment portfolio and drive higher returns.
		+	* £35m of development and trading gains were realised.
	* £65m - £70m of development and trading gains set to be delivered in FY2018 and visibility on more than £150m of development and trading gains in the next three years from existing projects alone.		* £65m - £70m of development and trading gains set to be delivered in FY2018 and visibility on more than £150m of development and trading gains in the next three years from existing projects alone.
−	* Investment portfolio total return of 10% targeted for FY2018 through non-core asset disposals (FY2018 target: £50m), reinvestment (FY2018 target: £50m) and asset management (FY2018 target: £5m)~~. Since year end terms agreed on £10m acquisition and £8m of further disposals~~.	+	* Investment portfolio total return of 10% targeted for FY2018 through non-core asset disposals (FY2018 target: £50m), reinvestment (FY2018 target: £50m) and asset management (FY2018 target: £5m).
	* Targeting a £2m reduction in net recurring overheads in FY2018 through cost savings and management fees from specialist platforms.		* Targeting a £2m reduction in net recurring overheads in FY2018 through cost savings and management fees from specialist platforms.
−	* ~~Business~~ on track to deliver a 12% post tax total return per annum in the next three years.	+	* The business is on track to deliver a 12% post tax total return per annum in the next three years.

	Matthew Weiner, Chief Executive said:		Matthew Weiner, Chief Executive said:

Editor: Created page with "File:Uandiinstallation.jpg On 26 April 2017, regeneration and development firm U+I reported their preliminary results for the year ended 28 February 2017. The headline poin..."

2017-04-27T09:35:33Z

Created page with "File:Uandiinstallation.jpg On 26 April 2017, regeneration and development firm U+I reported their preliminary results for the year ended 28 February 2017. The headline poin..."

New page

[[File:Uandiinstallation.jpg]]

On 26 April 2017, regeneration and development firm U+I reported their preliminary results for the year ended 28 February 2017.

The headline points were as follows:

Financial highlights – strong performance in second half and third consecutive supplemental dividend declared:

* £35m of development and trading gains realised in line with guidance.
* 8.7 pence per share of total dividends (2016: 13.9p) including declared supplemental dividend of 2.8 pence per share, to be paid on 16 June 2017.
* Basic net asset value (NAV) of 278 pence per share (2016: 291 pence per share).

Operational highlights – delivering against strategy with portfolio strengthened to drive future growth:

* Four new large-scale PPP projects won, adding £90m to pipeline of gains from 2020 and £1.5bn of gross development value to portfolio.
* Investment portfolio values stabilised in H2 – overall decline of £6.8m during the year (2016: £1.7m valuation increase). £18.0m of non-core investment asset disposals in line with strategy to reposition investment portfolio and drive higher returns.
* Two specialist platforms established – joint ventures with Proprium Capital Partners and Colony NorthStar to leverage our equity and intellectual capital and generate fees.

Outlook – visibility on strong pipeline of gains from regeneration activity:

* £65m - £70m of development and trading gains set to be delivered in FY2018 and visibility on more than £150m of development and trading gains in the next three years from existing projects alone.
* Investment portfolio total return of 10% targeted for FY2018 through non-core asset disposals (FY2018 target: £50m), reinvestment (FY2018 target: £50m) and asset management (FY2018 target: £5m). Since year end terms agreed on £10m acquisition and £8m of further disposals.
* Targeting a £2m reduction in net recurring overheads in FY2018 through cost savings and management fees from specialist platforms.
* Business on track to deliver a 12% post tax total return per annum in the next three years.

Matthew Weiner, Chief Executive said:

"I am encouraged by our performance. We delivered £35 million of development and trading gains from our planning-led regeneration activities, notwithstanding the substantial hit to transaction activity following the EU referendum. This result, which was within our guidance range, has enabled us to declare a third consecutive supplemental dividend in addition to our ordinary dividend. In the year ahead, we are set to deliver our highest level of development and trading gains to date - £65-70 million - from a mix of large-scale public private partnership (PPP) projects and shorter-term trading opportunities, delivering our target 12% post-tax return to shareholders.

“We have made good progress on our strategy. During the year, we secured four significant PPP projects totalling £1.5 billion of gross development value and adding £90 million of development and trading gains in FY2020 and beyond. This reflects our stated focus on large-scale PPP regeneration opportunities and underlines our leading reputation in this market. We were pleased to establish two specialist platforms during the year with Proprium Capital Partners and Colony NorthStar. These platforms allow us to acquire and deliver projects off-balance sheet, in line with our equity efficient approach, leveraging our equity and intellectual capital whilst generating fees to the business to offset overhead.

“Improving the performance of our investment portfolio remains a key priority. We are focused on delivering a 10% total return from our investment activities in the year ahead as we transition our portfolio to better align to our core regeneration expertise. We are targeting £100 million of transactional activity this year with £18 million already in hand, and are set to deliver £5 million of value gain as a result of our proactive asset management.

“The potential in the UK for mixed-use regeneration is significant and the number of opportunities is growing. Based on our extensive expertise in planning and development, we are confident that we can deliver sustainable returns to shareholders as we create long lasting social and economic change for the communities in which we work."

For more information, see [http://www.uandiplc.com/media/press-releases/year-2017/26-04-2017 U+I's report].

--[[User:U_and_I|U and I]]

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* [[Articles_by_U_and_I|Articles by U+I on Designing Buildings Wiki.]]
* Could microhousing tackle London's housing crisis?
* Interview with Simon Hesketh - UandI's Regeneration Director.
* UandI at MIPIM 2017.

[[Category:Organisations]] [[Category:Publications_/_reports]] [[Category:News]]