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Annual Financial Report

15th Apr 2025 10:00

RNS Number : 0920F
Derwent London PLC
15 April 2025
 

For immediate release

 

 

Derwent London plc (the "Company")

 

Notice of the 2025 Annual General Meeting ("AGM") andpublication of the 2024 Report & Accounts and the 2024 Responsibility Report

 

 

Notice of 2025 AGM and 2024 Report & Accounts

 

Derwent London plc announces that copies of the Notice of the 2025 AGM and 2024 Report & Accounts have been made available to shareholders and can be viewed and downloaded on the Company's website: www.derwentlondon.com

 

Copies of these documents, together with the Form of Proxy for the AGM, will be submitted to the National Storage Mechanism (via the Electronic Submission System) shortly.

 

In accordance with Rule 4.1.14R of the Disclosure and Transparency Rules, the Company has published its 2024 Report & Accounts in eXtensible HyperText Mark-up Language (XHTML) and key elements of its financial statements have been 'tagged' using eXtensible Business Reporting Language (XBRL). This version of the 2024 Report & Accounts will also be submitted to the National Storage Mechanism and is available on our website.

 

In accordance with Rule 4.1(3) of the Disclosure and Transparency Rules, the Company published its annual results announcement for the year ended 31 December 2024 on 27 February 2025.

 

2025 AGM

 

As set out in the Notice of the 2025 AGM, the Company's 41st AGM will be held on 16 May 2025 at 9:30 am. The Directors look forward to meeting with shareholders in person.

 

It would be helpful to the smooth running of the AGM if questions could be submitted to the Company Secretary, David Lawler, at [email protected], up to one day before the commencement of the AGM.

 

2024 Responsibility Report

 

Derwent London plc announces that the 2024 Responsibility Report, and associated data worksheet, was published on its website today and is available to be viewed here: www.derwentlondon.com/responsibility/publications

 

Enquiries:

 

D A Lawler

Company Secretary

 

15 April 2025

 

020 7659 3000

Notes to editors

 

Derwent London plc

Derwent London plc owns 62 buildings in a commercial real estate portfolio predominantly in central London valued at £5.0 billion as at 31 December 2024, making it the largest London office-focused real estate investment trust (REIT).

Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via redevelopment or refurbishment, effective asset management and capital recycling. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt. We capitalise on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing.

We are frequently recognised in industry awards for the quality, design and innovation of our projects. Landmark buildings in our 5.4 million sq ft portfolio include 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.

As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, publishing its pathway to achieving this goal in July 2020. Our science-based carbon targets validated by the Science Based Targets initiative (SBTi). In 2013 the Company launched a voluntary Community Fund which has to date supported 180 community projects in central London.

The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.

For further information see www.derwentlondon.com or follow us on LinkedIn

 

Forward-looking statements

This document contains certain forward-looking statements about the future outlook of Derwent London. By their nature, any statements about future outlook involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. Actual results, performance or outcomes may differ materially from any results, performance or outcomes expressed or implied by such forward-looking statements.

No representation or warranty is given in relation to any forward-looking statements made by Derwent London, including as to their completeness or accuracy. Derwent London does not undertake to update any forward-looking statements whether as a result of new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast.

 

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