Jones Lang LaSalle OSCAR 2008 Retail Park - Comparison of Reconciled Service Charge to Budgeted Service Charge 2008 (Retail Park 2007)
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Retail Park OSCAR 2008
  OSCAR 2008 Retail park Comparison of reconciled service charge to budgeted service charge 2008 Printer Print
 

  This section compares the reconciled 2007 service charge figures with the budgeted 2008 service charge figures to assess likely future variations in costs.

Comparison of reconciled service charge to budgeted service charge 2008 (Retail Park 2007)







Analysis of this data (taking no account of differences in the databases) shows an overall increase of 17.71% across all park classes (15.62% Retail Park OSCAR 2007).


Comparison of reconciled service charge 2007 figures with 2008 budget figures for the same parks

Comparison of reconciled service charge to budgeted service charge 2008 (Retail Park 2007)







Comment
The year on year increase is 15.46% across all classes, but is significantly higher for Bulky Goods Parks and lower for Retail and Shopping Parks. This increase is much higher than inflation and other measures.



Comparison between budgets 2007 with the reconciled service charges for 2007 for the same parks

Comparison of reconciled service charge to budgeted service charge 2008 (Retail Park 2007)







  Comment
This shows a large saving between budgets and reconciled service charges. This suggests that landlords have cut costs during 2007 and put off expenditure across all classes of parks particularly Bulky Goods Parks.  We would anticipate that recessionary pressures may well result in 2008 reconciled service charges ultimately showing a reduction in budgeted levels.
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