Derwent London plc (LSE:DLN) has announced strong leasing momentum for the first half of 2025, securing £13.8 million in new leases and renewals. Open-market lettings exceeded estimated rental values by 10.5%, reflecting robust demand in the Central London office sector. The company maintains a low vacancy rate and anticipates significant capital growth, benefiting from a tight supply environment and sustained high demand. Outperforming the MSCI Central London Office index, Derwent London has a positive outlook for total accounting returns, supported by ongoing development projects and strategic asset recycling. Plans include substantial disposals and reinvestments, positioning the company well to capitalize on improving liquidity in the investment market.
Derwent London’s outlook balances steady financial performance with proactive corporate strategies. Strong corporate actions and development initiatives bolster the company’s prospects, despite moderate technical and valuation signals.
About Derwent London plc
Derwent London plc is a REIT specializing in premium office spaces within Central London. Renowned for its strategic asset management and development focus, the company aims to create long-term value through a well-curated portfolio of prime properties.
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