24th Apr 2015 07:14
LONDON (Alliance News) - FTSE 250-listed property company Derwent London PLC on Friday said it has secured GBP10.6 million per year in rent from new lettings in the year to date, ahead of its total for 2014.
Derwent said the GBP10.6 million secured so far is ahead of the GBP9.2 million in rent the company secured across the whole of 2014.
It has secured GBP1.4 million per year in rent from the Angel Square property in Islington, GBP0.8 million from the Davidson Building in Covent Garden, GBP0.4 million per year from The Tea Building in Shoreditch, and GBP0.3 million from the Morelands development in Clerkenwell, bringing the total annual rent secured by the company via recent transactions to GBP3 million.
"These recent deals are further confirmation of the continuing strength of the central London letting market that we reported with our results in February. We are delighted that we have achieved our initial plans for Angel Square so quickly," said John Burns, Derwent's Chief Executive.
Shares in Derwent were up 0.3% to 3,493.00 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Derwent London