Overview
Derwent London is a REIT focused on central London offices with a particular focus on the West End and city fringes.
Their website can be found here.
Fundamentals
Price
Research History
-
11 Apr 2024
QuotedData's Real Estate Monthly Roundup - April 2024
Real Estate Roundup Performance data March’s biggest movers in price terms are shown in the charts below. The release of positive inflation data during the month – which showed CPI was back trending down towards the 2% target – was a much-needed tonic for the real estate sector. The median average share price rose 3.5% […]
-
11 Mar 2024
QuotedData's Real Estate Monthly Roundup - March 2024
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]
-
12 Feb 2024
QuotedData's Real Estate Monthly Roundup - February 2024
Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. Investors seem to be taking a ‘wait-and-see’ approach to the real estate sector at the start of 2024, as inflation in the UK lags behind other developed economies and anticipated interest rate cuts may […]
-
13 Dec 2023
QuotedData's Real Estate Monthly Roundup - December 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]
-
13 Oct 2023
QuotedData's Real Estate Monthly Roundup - October 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. Investor sentiment towards property stocks continues to wane, with the median share price of REITs and listed property companies down another 2.4% over the month of September – and 14.8% in the year to […]
-
14 Sep 2023
QuotedData's Economic and Political Monthly Roundup September 2023
Economic and Political Monthly Roundup Investment companies | Monthly | September 2023 August was a moderately volatile month for markets as the economic picture in China worsened. Developed markets held up better than emerging markets. Yields on US government debt rose. Oil prices edged up, but the big jump was in natural gas prices as […]
-
14 Sep 2023
QuotedData's Real Estate Monthly Roundup - September 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. The property sector remains in a state of limbo as investors await signs that interest rates have peaked. The median share price of REITs and listed property companies was down 2.4% over the month […]
-
19 Jul 2023
QuotedData's Real Estate Quarterly Review - Second Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Discounted indiscriminately Stubbornly high inflation in the UK has raised the prospect of higher for longer interest rates, with the base rate hitting 5.0% in the UK dashing any hopes of a recovery in commercial property values for the foreseeable future. This negative outlook was reflected in […]
-
13 Jun 2023
QuotedData's Real Estate Monthly Roundup - June 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. The property sector is a hotbed of merger and acquisition (M&A) activity as investors look to take advantage of the unloved sector and wide discounts to net asset values (NAVs). Higher than expected inflation […]
-
25 Apr 2023
QuotedData's Real Estate Quarterly Review - First Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]
-
09 Mar 2023
QuotedData's Real Estate Monthly Roundup - March 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]
-
09 Mar 2023
QuotedData's Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
-
09 Feb 2023
QuotedData's Real Estate Monthly Roundup - February 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. 2023 started positively for the property sector, with a median average share price uplift of 1.3%. A gloomy economic outlook at the end of 2022 saw many property companies’ share prices fall to substantial […]
-
24 Jan 2023
QuotedData's Real Estate Annual Review - 2022
Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]
-
07 Dec 2022
QuotedData's Real Estate Roundup - December 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Valuation declines in the property sector are starting to feed through in NAV announcements and interim results (see page 2) as higher cost of debt continues to put pressure on pricing. Having seen dramatic […]
-
03 Nov 2022
QuotedData's Real Estate Roundup - November 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]
-
14 Oct 2022
QuotedData’s Real Estate Quarterly Review – Third Quarter 2022
Real estate quarterly report Kindly sponsored by abrdn Choppy waters ahead High interest rates is a killer for real estate, and so the chancellor’s disastrous ‘mini budget’ at the end of September – which spooked gilt markets and saw interest rate forecasts for next year top 6% – had a catastrophic impact on the listed […]
-
07 Sep 2022
QuotedData's Real Estate Roundup - September 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. AIM-listed small cap fund manager and investor First Property Group tops the list of best performing property companies in August. It was the only company to see a double-digit rise in its share price, […]
-
04 Aug 2022
QuotedData's Real Estate Roundup - August 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Many of the logistics and office focused companies that have suffered in the past few months saw somewhat of a recovery in July, as the substantial discounts that their share prices trade at relative […]
-
15 Jul 2022
QuotedData's Real Estate Quarterly Review - Second Quarter 2022
Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]
-
10 Jun 2022
QuotedData's Real Estate Roundup - June 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. A perpetual theme in the listed property sector over the last few years has been the persistent discount to net asset value that many companies’ share prices have traded on. Some have succumbed to […]
-
06 May 2022
QuotedData's Real Estate Roundup - May 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Fears of a looming recession meant April was a difficult month for property stocks generally. There were a few positive performers in share price terms, however. Leading the way was London office landlord and […]
-
09 Mar 2022
QuotedData's Real Estate Roundup - March 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the charts below. The geopolitical uncertainty caused by the Russian invasion of Ukraine has hit markets hard. On the whole, the property sector suffered losses during February, but there were a few companies that saw […]
-
04 Feb 2022
QuotedData's Real Estate Roundup - February 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the charts below. Perhaps reflecting optimism around the strength of the economy coming out of COVID restrictions, a shift to value stocks was triggered in January, with property generalists and retail-focused companies the beneficiaries. Hammerson […]
-
15 Oct 2021
QuotedData's Real Estate Quarterly Review - Third Quarter 2021
Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]
-
09 Sep 2021
QuotedData's Real Estate Roundup - September 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]
-
06 Aug 2021
QuotedData's Real Estate Roundup - August 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. It was no surprise that GCP Student Living topped the table for best performing property companies in July after it received a takeover bid 30% above its share price during the month. […]
-
15 Jul 2021
QuotedData's Real Estate Quarterly Review - second quarter 2021
Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]
-
19 Apr 2021
QuotedData's Real Estate Quarterly Review - first quarter 2021
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
-
14 Apr 2021
QuotedData's Real Estate Roundup - April 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]
-
11 Feb 2021
QuotedData's Real Estate Roundup - February 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]
-
16 Oct 2020
QuotedData's Real Estate Quarterly Review - Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
-
10 Sep 2020
QuotedData's Real Estate Roundup - September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
-
16 Jul 2020
QuotedData's Real Estate Quarterly Review - Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
-
10 Mar 2020
QuotedData's Real Estate Roundup - March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
-
30 Jan 2020
QuotedData's Real Estate Annual Review - 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
-
18 Sep 2019
QuotedData's Real Estate Roundup - September 2019
Real Estate Roundup Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]
-
13 Mar 2018
QuotedData's Economic round up - March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
07 Feb 2018
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
-
14 Sep 2017
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
-
03 Aug 2017
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
-
12 Jul 2017
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
-
15 Mar 2017
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
-
13 Oct 2016
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
News
-
26 Feb 2019
Derwent London delivers NAV growth despite Brexit
Derwent London delivers NAV growth despite Brexit – Derwent London has published results for the year ended 31 December 2018. Highlights are: Derwent London delivered a total return of 5.3% EPRA NAV 3,776p per share, up 1.6% EPRA earnings of 113.1p per share, up 20.0% from 94.2p in 2017 (but these include some one-off items, underlying […]
-
27 Feb 2018
Derwent London delivers a strong set of results
Derwent London delivers a strong set of results – Derwent London (DLN), the REIT focused on central London offices with a particular focus on the West End and City fringes, released its final results to 31st December 2017 Highlights EPRA net asset value per share increased 4.6% to 3,716p from 3,551p and a 3.7% increase from […]
-
18 Jan 2018
Derwent London gets control of Tottenham Court Road site
Derwent London gets control of Tottenham Court Road site – Derwent London has announced that Crossrail has completed the base infrastructure works at Soho Place W1 and handed over the site to the group. It is the first Crossrail site to be delivered to a developer, and this has been achieved almost a year before the […]
-
10 Aug 2017
London Museum of Photography headed to Whitechapel
London Museum of Photography headed to Whitechapel – Derwent London has announced that it has pre-let the lower ground floors and a new office pavilion at The White Chapel Building, 10 Whitechapel High Street E1, to Fotografiska. Fotografiska runs the world renowned photography museum in Stockholm and will use the space for Fotografiska – The […]
-
03 Jul 2017
Derwent London sells Copyright building
Derwent London sells Copyright building – Derwent London is pleased to announce that it has exchanged contracts on the sale of its long leasehold interest in The Copyright Building, 30 Berners Street W1 to Union Investment Real Estate GmbH (“Union Investment”). The consideration is GBP165.0m, or GBP148.7m net of top-ups relating to rent free periods […]
-
01 Jun 2017
Perpetual Income & Growth suffers being underweight resources
Perpetual Income & Growth (PLI) has announced its annual results for the year ended 31 March 2017. During the period, it provided an NAV total return of 9.6%. It’s chairman, Bill Alexander (pictured), says that Although this is satisfying in absolute terms, it is less so when compared with the 22.0% return posted by the […]
-
01 Jun 2017
Derwent London announces letting to Box.com at White Collar Factory
Derwent London has announced that it has let the top two floors of the tower at White Collar Factory EC1 (pictured) to Box.com, the cloud content management company. The initial rent is £2.1m per annum or £75 per square foot, which is above December 2016 ERV. Derwent London says that Box.com will occupy 28,500 square […]
-
30 May 2017
Edinburgh Investment Trust held back by lack mining exposure, HSBC and Royal Dutch Shell
Edinburgh Investment Trust held back by lack mining exposure, HSBC and Royal Dutch Shell. While the UK market returned 22%, for the year ended 31 March 2017, Edinburgh Investment Trust’s net asset value total return was +14.4% and the share price total return (with dividends reinvested) was +11.2%. The share price ended the year at 713.5p, an increase […]
-
25 May 2017
TR Property plans 25.7% dividend increase
As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
-
28 Feb 2017
Derwent London thinks its rental income could rise by 85% over the next five years
Derwent London has published results for the year ended 31 December 2016. Its EPRA net asset value per share increased 0.5% to 3,551p from 3,535p at 31 December 2015, 1.3% lower than 3,598p at 30 June 2016. Net rental income increased 5.2% to GBP145.9m from GBP138.7m in 2015. EPRA earnings rose 8.9% to GBP85.7m from GBP78.7m last […]
-
24 Nov 2016
Edinburgh Investment Trust misses out on mining bounce
Edinburgh Investment Trust produced a positive net asset value (NAV) total return for the six months to 30 September 2016 of 6.8% (debt at par) and 6.6% (debt at market), compared to a return of 12.9% by the FTSE All-Share Index, the Company’s benchmark. The share price total return (share price with dividends reinvested) for […]
-
31 Oct 2016
Derwent sells building in Covent Garden
Capital & Counties Properties PLC has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London PLC for GBP67.5m before purchaser’s costs. The property is a substantial corner building located at the junction of Southampton Street and Tavistock Street with views towards the Piazza. The multi-let building produces an annual rental […]
-
09 Sep 2016
Derwent London sells leasehold interest in 75 Wells Street, W1, for £40.9m
Derwent London has announced that it has sold its long leasehold interest in 75 Wells Street, London W1, for £40.9m before costs. The purchaser was a private investor and the company says that the sale price was in line with December 2015 and June 2016 valuations. According to Derwent London, 75 Wells Street (pictured) is […]
-
17 Aug 2016
Threadneedle UK Select caught out by mining rally
In the six month period ended 30 June 2016, Threadneedle UK Select’s net asset value total return was 1.4%, compared with the 4.3 % total return from the FTSE All-Share Index, the benchmark against which the Investment Manager’s performance is measured. Earnings per share for the half year amounted to 4.16p (30 June 2015: 8.21p). The Board […]
-
12 Aug 2016
Derwent takes comfort from low financial sector exposure
Derwent London has announced interim figures covering the six months ended 30 June 2016. Its EPRA net asset value per share increased by 1.8% to 3,598p from 3,535p at 31 December 2015. Net rental income increased by 8.5% to GBP72.6m (from GBP66.9m in the equivalent period in 2015). This fed through into EPRA adjusted profits before tax […]
-
25 May 2016
TR Property outperforms as direct portfolio returns almost 20%
TR Property has announced results for the year ended 31 March 2016. The NAV rose 8.2% which was well ahead of the benchmark rise of 5.4%. However the share price total return was -1.6%. The Directors have announced a final dividend of 5.20p per share, a 9.5% increase over the prior year final dividend. This […]
-
25 Feb 2016
Derwent London beats IPD in 2015
Derwent London is reporting that its EPRA net asset value per share increased by 21.6% to 3,535p from 2,908p at 31 December 2014, and by 9.6% from 3,226p at 30 June 2015. Net rental income increased 7.8% to £138.7m from £128.7m in 2014. EPRA profit before tax rose 31.0% to £81.6m from £62.3m last year […]
-
07 Dec 2015
Derwent London sells Wedge House for £33.5m
Derwent London has announced the sale of old Wedge House, 40 Blackfriars Road SE1, a 38,700 sq ft vacant freehold office building, for £33.5m before costs to Ennismore. Derwent, in collaboration with Ennismore, obtained planning permission this summer for a 110,000 sq ft hotel and office scheme at the site. Ennismore will now undertake the […]
-
13 Aug 2015
Derwent beats IPD as development programme progresses
Derwent London has published interim results covering the first half of 2015. Over this period, its EPRA net asset value per share increased by 10.9% to 3,226p from 2,908p. EPRA earnings per share were 33.97p, 16.5% up on the equivalent period last year – this was on the back of a 21.9% increase in PBT and […]
-
11 Feb 2015
Derwent London swaps assets with LaSalle
Derwent London has announced a deal with LaSalle Investment Management where it is swapping 22 Kingsway WC2, Mark Square House EC2, and a 50% interest in a new joint venture at 9 and 16 Prescot Street E1 for a minimum 175-year long leasehold of 20 Farringdon Road, Clerkenwell EC1 and £27.3m in cash. 20 Farringdon Road […]
-
24 Nov 2014
Derwent London buys Angel Square in EC1
DLN : Derwent London buys Angel Square in EC1 Derwent London, which owns a number of properties close to Angel and Old Street tube stations, has acquired the freehold of Angel Square, London EC1 for £75m. The property sits on the corner of Islington Street and City Road, directly above Angel tube station. It consists […]
-
15 Oct 2014
Derwent London gets planning for Berners Street
DLN : Derwent London gets planning for Berners Street Derwent London has announced that it has received planning consent for its proposed development at 25-29 Berners Street, London (in Fitzrovia / North Soho). The development will provide 105,000 sq ft of space, 20,000 sq ft of which will be retail and the balance offices. The […]
-
14 Aug 2014
Good start to 2014 from Derwent London
DLN : Good start to 2014 from Derwent London Derwent London’s interims show a 13.6% increase in its EPRA NAV for the first half of 2014. The interim dividend has been increased by 8.4% to 11.65p on the back of a 12.3% improvement in EPRA earnings. Derwent London has undrawn facilities of £364m and its loan […]
-
11 Jul 2014
Derwent London : DLN - Stephen Street pre-let to Freud Communications
Derwent London has pre-let 28,000 square feet, of newly refurbished office space, at its 1-2 Stephen Street property in W1, London, to public relations firm Freud Communications. The lease is for 15 years with an initial rent of £1.8m pa, rising to £2.1m pa after five years, with an open market upward-only rent review, or tenant break, at year ten. Derwent purchased 1-2 […]
-
27 Feb 2014
Derwent London : DLN - Full year results
Derwent London has released results for the year ended 31 December 2013. Over the year its EPRA NAV rose by 20% to £22.64 and EPRA earnings per share rose by 7% to 53.9p. The dividend was hiked by 8.3% to 36.5p. Almost 250,000 sq. ft of projects were completed in 2013 and Derwent have another […]
-
07 Jan 2014
Derwent London : DLN - acquisition
Derwent London has bought 22 Kingsway WC2, an eight storey, 91,400 sq ft freehold office building let to Kings College London and the 44,000 sq ft Peacock Theatre (let to the London School of Economics for just £1 per annum until 2054). The price was £59.3m (after costs), equivalent to a yield of 5.1%.
