DAV

IDSON H

OUSE

FORBURY S

QUARE

READIN

G

Prime South East Office Investment RG1 3EU

Location

Reading is the county town of Berkshire and the principal commercial centre in the Thames Valley. The town is 66 km (41 miles) west of Central London, 43 km (27 miles) south of Oxford, 29 km (18 miles) north of Basingstoke, 18 km (11 miles) north west of Bracknell, 30 km (19 miles) west of Slough and 50 km (31 miles) west of London Heathrow Airport. Reading has a resident urban area population of over 232,500 of whom 63% are aged 20-64. 48% of the population in the Travel To Work Area are employed in banking, finance and business/other services (Census 2001). The town’s major employers include Microsoft, Cisco, Oracle Corporation, Yell, Royal Mail and Thames Water.

Communications

The city benefits from comprehensive transport links:

Air

Reading is approximately 28.5 miles from Heathrow, the largest and busiest airport in the UK, servicing 65.7 million passengers in 2010.

Road

The town has excellent transport links being situated north of the M4 (Junctions 10-12), west of the M25 (Junction 15), south of M40 and north of the M3. The A33 provides direct access to Basingstoke to the south, the A4 to Maidenhead to the north west and the A329(M) to Wokingham and Bracknell to the south east.

Rail

Reading railway station acts as the main junction point to the south west, serving First Great Western, South West Trains and CrossCountry operating companies. Reading has direct rail services to London, Basingstoke, Swindon, Newbury, Oxford, Bristol, Cardiff, Birmingham and Manchester.

An £850m redevelopment of the station, to be completed in 2015, will provide a new concourse, 5 additional platforms, further track lines and facilities to enable increased frequency and quicker journey times. There are currently over 10 services per hour to London Paddington at peak times, with a fastest journey time of 25 minutes.

Situation

Davidson House enjoys a prominent location within Reading town centre Central Business District. Situated to the south side of Forbury Gardens, the property overlooks the five acre park with historic Abbey Ruins. The town’s primary retailing facilities are within 2 minutes walk of the property which include retailers such as Marks & Spencer, John Lewis and the Oracle Shopping Centre, with House of Fraser and Debenhams.

The property benefits from good transport connections, being in the close vicinity of Reading train station, whilst the A4/A329(M) links the property to the M4 (Junction 10). Car parking is available on site and there are further car parks within close proximity.

Investment summary

Davidson House is a prime multi-let office building, occupying a prominent central location in Reading’s established business district. Forming part of the Forbury Square development it is conveniently located between the railway station and the

Oracle centre.

Total of 11,938 sq m (128,499 sq ft) of office, retail and

ancillary accommodation, plus 108 car parking spaces

Let to eight tenants with average weighted unexpired lease term to expiry of approximately 10.86 years (6.84 years to break)

Base rent of only £13 psf on the Stonemartin accommodation, with strong track record of turnover rent

generated

Mutual break with Stonemartin in 2018, providing the ability to unlock significant reversionary value

Current total rental income of £2,921,423 per annum exclusive, which equates to only £22.78 psf on the office accommodation

Turnover income in 2010 totalled £378,601

Estimated rental value of c.£3,600,000 per annum exclusive based on a conservative ERV of £28.50psf

We are instructed to seek offer in excess of £38,000,000 (Thirty Eight million pounds), subject to contract and exclusive of VAT, for the long leasehold interest in the property. A purchase at this level would reflect a net initial yield of 7.27%, having deducted usual purchasers’ costs of 5.80% and a capital value of £308 psf overall. Potential reversionary yield in 2018 of 8.96%.

For further information visit www.davidsonhousereading.co.uk

READING

DAVIDSONHOUSE

ORACLESHOPPING

AND LEISURE

BROAD STREETMALL UNIVERSITY OF

WEST LONDON

ROYALBERKSHIREHOSPITAL

A4053

VASTERN ROAD

FORBURY RD

OXFORD ROAD

CASTLE HILL READING RELIEF RO

AD

SOUTHAM

PTON STREET

A4 LONDON ROAD

Q UEENS ROAD KINGS ROAD

READING

OXFORD

SWINDON

LONDON

A24

M40

M4

M25

M1

A1(M)

M11

M3

M23

A41

A4011A413

A420

A40

A44

GUILDFORD

MILTONKEYNES

HIGHWYCOMBE

CROYDON

KINGSTON-UPON-THAMES

DARTFORD

WATFORD

A3

A22

A12

A40

A10

A406

A217

A232

A307HEATHROW

GATWICK

38.8m

41.7m

38.9m

FB

FB

Forbury Square

HIG

H S

TR

EE

T

KING'S ROAD

ABBEY SQUARE

DW

El Sub Sta

El Sub Sta

14

27

5

8

Abbey

Abbey

Baptist

House

Hall

Bank

6 to 8

Church

Market

4

1 to 17

18

1 to

Abbey

Point

Davidson House

1 to 8

1 to 33

St Lawrence

House

6 to 12

20 to 30

1 to 9

16

1

13

4

1

7

2

10

2

3

25

Place

2

12

9

Bank

11

Library

32 to 36

44.0m

LB

War

Memorial

Memorial

Posts

THE FORBURY

Forbury Gardens

8

PO

Courts

26

1

Hotel

6

Assize

12

St Laurence's Church

10

0m 10m 20m 30m

For indicative purposes only

DAVIDSON HOUSE, FORBURY SQUARE, READING

Ordnance Survey © Crown Copyright 2011. All rights reserved.

Licence number 100020449. Plotted Scale - 1:1250

Description

Davidson House was constructed by Argent in 2003 and forms part of the Forbury Square development. The building is of steel frame construction with glazed curtain wall cladding and a glazed central atrium. The property provides office accommodation over ground and 5 upper floors, with retail accommodation also provided on the ground floor.

The property provides both conventional and flexible managed office space, with floor plates of circa 22,600 sq ft on the upper floors. There are 144 basement car parking spaces available, with 108 demised to Davidson House and 36 demised to One Forbury Square.

The office accommodation in Davidson House benefits from the following specification:

• Air Conditioning; 4 pipe fan coil

• Fully accessible raised floors

• CAT 6 network cabling

• Four passenger lifts

• DDA Compliant

• Suspended ceilings with LG3 lighting

A curtain walling report by Cladtech Associates is available at www.davidsonhousereading.co.uk.

Accommodation

The property was measured by PCA in April 2005, in accordance with the RICS Code of Measuring Practice 5th Edition:

Demise sq ft sq m

Basement (Potential Retail) 3,322 308.60

Basement (Storage) 676 62.80

Reception/Atrium 2,750 255.50

Ground (Office) 11,279 1,047.90

Ground (Retail) 8,621 800.90

First 22,518 2,092.00

Second 22,724 2,111.10

Third 22,728 2,111.50

Fourth 22,569 2,096.70

Fifth 11,312 1,050.90

Total 128,499 11,937.90

The subject property has a site area of approximately 0.78 ha (1.924 acres), this area includes One Forbury Square.

Tenure

The Property is held on long leasehold for a term of 999 years from 3 June 2004 at a rent of £10,000 pa for the first 5 years, which reverts to peppercorn thereafter. One Forbury Square has been let on a 999 year lease at peppercorn.

For identification purposes onlyNB: Photo of 5th floor in 2009 prior to letting

TenancyThe average weighted unexpired lease term is 10.86 years (6.84 years to breaks). Copies of all leases are available at www.davidsonhousereading.co.uk.

Demise Tenant Lease Rent Lease Expiry Rent Floor Comments Start Review (break) Received Area

Ground, Atria, Stonemartin Corporate Centres Limited 18/04/08 18/04/13 17/04/28 £743,054 57,585 * Represents guaranteed Base Rent and takes no account of any turnover rent. 2nd & 3rd Floors t/a Regus (17/04/18) * Mutual option to break on 18/4/2018. * Lease is excluded from security of tenure provisions of 1954 Act. * Under a supplemental deed, the rent is based on the tenant’s turnover, subject to a guaranteed minimum of 50% of, and cap of 150% of, the office rent set out in the lease (£1,486,108pax). * Atria 854 sq ft at 50% rent. * Break subject to 12 months notice.

Turnover Rent Stonemartin Corporate Centres Limited £378,601 * Represents Turnover Rent achieved under the above tenancy for 2010. t/a Regus

4th Floor Network Rail Infrastructure Limited 06/03/08 06/03/13 31/12/17 £609,366 22,569 * Excludes car parking.

Part 1st Floor Expro International Group Limited 19/12/06 19/12/11 18/12/16 £262,560 10,940

Part 1st Floor RSM Tenon Group Plc 25/06/10 24/06/15 24/06/20 £215,202 8,277 * Includes car parking. * Total service charge cap of £66,216 plus RPI.

Part 1st Floor RSM Tenon Group Plc 13/05/11 24/06/15 24/06/20 £73,170 2,710 * Includes car parking. * Total service charge cap of £21,680 plus RPI.

Part 5th Floor SSE Services Plc 30/06/10 29/06/15 £180,648 7,008 * Includes car parking. * Total service charge cap of £48,358.08 plus RPI.

Part 5th Floor Santander UK Plc 05/11/09 05/11/14 04/11/19 £109,980 4,130 * Total service charge cap of £29,440.80 plus RPI. (05/11/14)

Ground Floor Lloyds TSB Bank Plc 25/04/08 25/04/13 24/04/18 £106,785 4,368 * Excludes car parking

Ground Floor Carluccio’s Limited 29/06/05 01/01/11 28/06/30 £78,765 3,897 * Includes provision for parking out of offices hours. See lease for further details. * Total rent payable is based on 7.5% of Net Turnover, 80% of 5 yearly average paid as per lease provision or OMV. * January 2011 Rent Review outstanding.

Outside Seating The Forbury Limited 07/06/11 07/06/12 06/06/16 £15,000 * Stepped rental increase on 06/06/12 to £18,000 pa, with annual RPI uplifts thereafter.

46 Car Spaces Ready Offices (UK) Limited 18/04/08 18/04/13 17/04/18 £96,600 * Serviced office Car Parking.

8 Car Spaces Homes and Communities Agency 05/07/10 04/07/11 £21,600 * Mutual option to break at any time on one months notice.

5 Car Spaces Lloyds TSB Bank Plc 01/09/08 24/04/18 £13,892 * Mutual option to break at any time on one months notice. * Stepped rental increases: 01/09/2011 = £14,586.12 01/09/2012 = £15,315.48 01/09/2013 = £16,081.30 01/09/2014 = £16,885.32 01/09/2015 = £17,729.64 01/09/2016 = £18,616.08 01/09/2017 = £19,546.92

4 Car Spaces Santander UK Plc 17/11/2010 16/11/2011 £10,800

2 Car Spaces Lloyds TSB Development Capital Limited 14/01/2011 13/01/2012 £5,400 * Mutual option to break at any time on one months notice.

7 Car Spaces SSE Services Plc 30/06/2010 29/06/2015 £0

8 Car Spaces RSM Tenon Group Plc 25/06/2010 24/06/2020 £0

3 Car Spaces RSM Tenon Group Plc 13/05/2011 24/06/2020 £0

Reception 1,896

Total £2,921,423 123,380

Turnover LeaseStonemartin Corporate Centres Limited, under the terms of a supplemental deed, pay a turnover-related rent. It pays 50% of its workstation revenue, subject to a minimum of 50% of the office rent specified in the lease, which was agreed at £26 psf, so there is a guaranteed rent payable of £13 psf. This 50% of gross workstation revenue is capped at 100% of the office rent specified in the lease. If the gross workstation revenue exceeds £26psf, additional rent is payable at a rate of 20%, up to a cap of 150% in any turnover period (quarterly) of the office rent specified in the lease, see lease for formula.

Turnover Rent History

Stonemartin Corporate Centres Ltd

NB: 2008 Turnover year started 18th April 2008.

Income split

The total income of the property is £2,921,423 per annum exclusive.

38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

9%

10%

21%

4%

6%

5%

4%

3%

LLOYDS TSB BANK

CARLUCCIO’S LIMITED

REGUS (UK) LTD

EXPRO INTERNATIONAL GROUP LIMITED

RSM TENON GROUP PLC

NETWORK RAIL INFRASTRUCTURE LIMITED

SANTANDER UK PLC

SSE SERVICES PLC

CAR PARKING / SEATING

38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

9%

10%

21%

4%

6%

5%

4%

3%

LLOYDS TSB BANK

CARLUCCIO’S LIMITED

REGUS (UK) LTD

EXPRO INTERNATIONAL GROUP LIMITED

RSM TENON GROUP PLC

NETWORK RAIL INFRASTRUCTURE LIMITED

SANTANDER UK PLC

SSE SERVICES PLC

CAR PARKING / SEATING

41%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

59%

D&B 5A1

OTHER

41%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

STONEMARTIN 38%

59%

D&B 5A1

OTHER

Income Split by Dun & Bradstreet Rating

Income Split by Tenant

20080

£50,000

£100,000

£150,000

£200,000

£250,000

£300,000

£350,000

£400,000

£227,179

£370,036 £378,601

2009 2010

Tenant Covenant Information

Stonemartin Corporate Centres Ltd

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Dec 2009 GBP 31 Dec 2008 GBP 31 Dec 2007

Sales Turnover 522,000 10,216,724 12,588,260

Profit / (Loss) Before Tax 394,000 7,338,524 448,130

Tangible Net Worth 479,000 1,343,823 3,705,299

Net Current Assets (Liabilities) 479,000 1,341,968 3,415,402

Stonemartin Corporate Centres Ltd has been rated by Dun & Bradstreet as A 2 representing a lower than average risk of business failure.

Network Rail Infrastructure Ltd

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Mar 2010 GBP 31 Mar 2009 GBP 31 Mar 2008 (000s) (000s) (000s)

Sales Turnover 5,668,000 6,160,000 5,960,000

Profit / (Loss) Before Tax 395,000 1,524,000 1,597,000

Tangible Net Worth 8,230,000 8,624,000 8,364,000

Net Current Assets (Liabilities) (2,055,000) (2,281,000) (5,894,000)

Network Rail Infrastructure Ltd has been rated by Dun & Bradstreet as 5A 1 representing a minimum risk of business failure.

Expro International Group Limited

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated USD 31 Mar 2010 USD 31 Mar 2009 USD 31 Mar 2008 (000s) (000s) (000s)

Sales Turnover - - 609,730

Profit / (Loss) Before Tax 20,124 (7,126) 74,307

Tangible Net Worth 438,505 417,818 75,916

Net Current Assets (Liabilities) 253,867 220 110,852

Expro International Group Ltd has been rated by Dun & Bradstreet as 5A 1 representing a minimum risk of business failure.

RSM Tenon Ltd

F Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Jun 2010 GBP 31 Jun 2009 GBP 31 Jun 2008 (000s) (000s) (000s)

Sales Turnover 146,859 110,342 89,279

Profit / (Loss) Before Tax (1,486) 3,588 (1,336)

Tangible Net Worth (35,449) (37,402) (46,615)

Net Current Assets (Liabilities) (36,958) (38,667) (39,119)

RSM Tenon has been rated by Dun & Bradstreet as N 2 representing a lower than average risk of business failure.

SSE Group Plc

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Mar 2010 GBP 31 Mar 2009 GBP 31 Mar 2008 (000s) (000s) (000s)

Sales Turnover 373,100 314,500 321,600

Profit/(Loss) Before Tax (4,300) 30,500 35,400

Tangible Net Worth (50,500) 103,600 232,300

Net Current Assets (Liabilities) 1,149,200 1,183,700 1,277,000

SSE Group Plc has been rated by Dun & Bradstreet as N2 representing a lower than average risk of business failure.

Santander UK Plc

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Dec 2009 GBP 31 Dec 2008 GBP 31 Dec 2007 (000s) (000s) (000s)

Sales Turnover - 7,915,000 -

Profit/(Loss) Before Tax 1,690,000 1,094,000 864,000

Tangible Net Worth 4,748,000 4,203,000 3,254,000

Net Current Assets (Liabilities) 6,649,000 5,245,000 8,219,000

Santander UK Plc has been rated by Dun & Bradstreet as 5A 1 representing a minimum risk of business failure.

Lloyds TSB Bank Plc

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Dec 2009 GBP 31 Dec 2008 GBP 31 Dec 2007 (000s) (000s) (000s)

Profit/(Loss) Before Tax (4,378,000) 825,000 4,089,000

Tangible Net Worth 11,199,000 6,813,000 10,648,000

Net Current Assets (Liabilities) (299,389,000) 99,878,000 (66,870,000)

Lloyd’s TSB Bank Plc has been rated by Dun & Bradstreet as 5A 1 representing a minimum risk of business failure.

Carluccio’s Limited

Fiscal Fiscal Fiscal Non Consolidated Non Consolidated Non Consolidated GBP 31 Dec 2009 GBP 31 Dec 2008 GBP 31 Dec 2007 (000s) (000s) (000s)

Sales Turnover 74,363 69,017 64,137

Profit/(Loss) Before Tax 3,446 2,956 5,629

Tangible Net Worth 18,754 17,174 16,557

Net Current Assets (Liabilities) (5,823) (3,309) (3,646)

Carluccio’s Limited has been rated by Dun & Bradstreet as 4A 1 representing a minimum risk of business failure.

Letting comparables

Date Address sq ft Grade Tenant Rent

May 11 Davidson House 2,710 A RSM Tenon £27.00psf

Mar 11 500 South Oak Way, Green Park 43,105 A PRA £27.50psf

Dec 10 One Reading Central 22,589 A Pegasystems £30.00psf

Dec 10 Abbots House 30,000 B Boynes Turner Burrows £25.00psf (regear, on refurb to Grade A)

Dec 10 Abbots House 69,000 B Deloitte £25.00psf (regear, on refurb to Grade A)

Jul 10 500 Brook Drive, Green Park 121,350 A Quintiles £27.00psf

Jul 10 The Blade 14,242 A Kaplan £28.00psf

Jul 10 Davidson House 8,277 A RSM Tenon £26.00psf

Jul 10 Davidson House 6,948 A SSE £26.00psf

Jun 10 Apex Plaza 8,039 B Aldmore Bank £27.50psf

From the above we are of the opinion that the ERV of Davidson House is £28.50 psf.

Reading Market Commentary

Reading is the largest office market in the south east with a total stock of 12.1 million sq ft and accounts for 20% of the M4 Corridor/Thames Valley market and 7% of the South East market. The Reading stock is split between approximately 7.1 million sq ft in the town centre and 5 million sq ft in the out of town market.

Over the past 5 years take up for Reading has averaged 366,000 sq ft, having peaked in 2000 at 1.94 million sq ft following the letting to Cisco at Green Park. In 2010 Reading had the highest take up figure for any town in the South East, totalling over 450,000 sq ft, of which 192,000 sq ft was grade A space. This was equivalent to 42% of the total take up.

Historically the town centre has a bias toward Business and Finance and is heavily reliant on rail services and public transport. Key occupiers in the town centre include Prudential, Thames Water, Reading Borough Council, PricewaterhouseCoopers, Ernst & Young, Deloitte, Scottish and Southern, Hutchison 3G, Yell, SAB Miller, BDO Stoy Hayward, HM Revenue & Customs and Visa.

Current Reading town centre grade A availability is limited to 41,562 sq ft at One Reading Central and 97,309 sq ft at The Blade. This constitutes the competing stock to Davidson House and emphasises the lack of available Grade A town centre office space. This has helped to strengthen rental levels, giving a positive rental growth narrative for the future. This is further reinforced by the lack of development of Grade A office space in the pipeline, with the only significant town centre developments at Station Hill and further phases at Reading Central potentially providing office space by 2014, at the earliest.

This lack of Grade A supply has meant rents of £30.00 psf have recently been achieved in the town centre at One Reading Central, whilst various lettings at Green Park have achieved £27.00 psf/£28.00 psf.

Recent lettings in Reading include the following:

Asset Management

Opportunity to create further retail units to the rear of the property.

Opportunity to take part surrender from Stonemartin prior to 2018 by negotiation.

Service Charge

All 8 tenants have effective full repairing and insuring leases. The service charge budget for the year ending 31 December 2011 is £956,312. Further information is available at www.davidsonhousereading.co.uk.

Capital Allowances

No capital allowances are available.

VAT

The property is elected for VAT and as such VAT will be payable on the purchase price. However it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

Proposal

We are instructed to seek offer in excess of £38,000,000 (Thirty Eight million pounds), subject to contract and exclusive of VAT, for the long leasehold interest in the property. A purchase at this level would reflect a net initial yield of 7.27%, having deducted usual purchasers’ costs of 5.80% and a capital value of £308 psf overall. Potential reversionary yield in 2018 of 8.96%.

Further information

For further information visit www.davidsonhousereading.co.uk

Investment comparables

Recent comparable investment transactions include:

Property Tenant Term Lot Size Initial Capital Purchaser Date Certain Yield Value (£ psf)

Grenfell Island, 3G and UCI AWULT c. £71m c.7.25% c. 350 U/O June Maidenhead (one third leisure tenants) c. 11 yrs 2011

1 Longwalk Road, Celgene Europe Ltd 10 yrs £26.4m 7.11% 352 German April Stockley Park Institution 2011

Sir William Siemens Square/ Siemens Plc 11 yrs £42.2m 7.03% 230 UK Instituion April Frimley Square, Frimley 2011

2 Temple Back East, Osbourne Clarke 11.75 yrs £31.1m 6.15% 355 German Mar Bristol Institution 2011

Centrium, CT1 & CT2, Multi-let AWULT £13.46m 7.50% 286 UK Mar St Albans 7.36 yrs Instituation 2011

Ship Canal House, Multi-let Under £22.11m 6.90% 309 Private Jan Manchester 10 yrs Purchaser 2011

IHG, Broadwater Park, InterContinental 11.5 yrs £30.0m 6.75% 355 Private Dec Denham Hotels Group Purchaser 2010

Jonathan Webb020 3296 2481jonathan.webb@dtz.com

Jason Winfield020 3296 2116jason.winfield@dtz.com

Jonny Ufton 020 3296 4525jonny.ufton@dtz.com

DTZ 48 Warwick StreetLondon W1B 5NL

MISREPRESENTATION CLAUSE DTZ (“DTZ”) for themselves and for the vendors of these properties for whom they act, give notice that: i. These particulars are prepared only for the guidance of prospective purchasers. They are intended to give a fair overall description of the property but do not constitute the whole or any part of an offer or contract. DTZ undertakes to comply with the terms of the Property Misdescriptions Act 1991 but prospective purchasers must satisfy themselves as to the accuracy of the contents of these particulars, and DTZ will not be liable in negligence for any loss arising from the use of these particulars; ii. Any information contained herein (whether in the text, plans or photographs) is given in good faith but DTZ cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation or any other details contained herein, nor should any information contained herein be relied upon as a statement or representation of fact; iii. Rents quoted in these particulars may be subject to VAT in addition; iv. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise, and reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers should satisfy themselves as to the fitness of such items for their requirements; v. The photographs appearing in this brochure show only certain parts and aspects of the property. Certain aspects of the property may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. It should not be assumed that everything shown in the photographs is included in the sale of the property. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs; vi. Any reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser; and vii. No employee of DTZ has any authority to make or give any representation or warranty whatsoever in relation to the property. viii. All plans included in these particulars are for information purposes only. The particulars were prepared in June 2011.

020 7060 4142