30th Oct 2006 15:13
Derwent Valley Holdings PLC30 October 2006 30 October 2006 Derwent Valley Holdings plc ("Derwent Valley" / the "Company") DERWENT VALLEY LETS 46,419 SQ FT AT JOHNSON BUILDING EC1 TO THOMSON SCIENTIFIC Derwent Valley London Limited, a subsidiary of Derwent Valley Holdings Plc ("Derwent Valley") has let 46,419 sq ft (4,312 sq m) at its 150,000 sq ft (13,900sq m) Johnson Building, Hatton Garden, EC1, to Thomson Scientific Ltd ("ThomsonScientific"). This transaction follows the recent lettings to Grey Advertisingand Faber Maunsell and leaves just one area of approximately 11,000 sq ft (1,020sq m) on the second floor. Thomson Scientific will occupy the southern half of the first, ground and lowerground floors, as well as the eastern half of the second floor, on a 15 yearlease at an annual rent of £1,511,723. The lease includes a 16 month rent freeperiod and an option to break at the end of the tenth year. The rent on the partsecond floor prime space equates to £40.00 per square foot. The Johnson Building is Derwent Valley's most recently completed project andoffers high quality office space around an impressive central atrium. ThomsonScientific provides integrated information solutions to the world's research anddevelopment communities. John Burns, Managing Director of Derwent Valley, commented: "We are delighted to secure this letting to Thomson Scientific, a globalorganization, which has swiftly confirmed the success of the Johnson Building.Thomson Scientific's occupation follows the lettings to Grey Advertising andFaber Maunsell and reconfirms Derwent Valley's skill in identifying improvinglocations and creating dynamic space that attracts tenants." The Thomson Corporation (thomson.com), with 2005 revenues of approximately $8.40billion, is a global leader in providing integrated information solutions tobusiness and professional customers. Thomson provides value-added information,software tools and applications to more than 20 million users in the fields oflaw, tax, accounting, financial services, higher education, referenceinformation, corporate e-learning and assessment, scientific research andhealthcare. With operational headquarters in Stamford, Conneticut, Thomson hasapproximately 40,500 employees and provides services in approximately 130countries. The Corporation's common shares are listed on the New York andToronto stock exchanges (NYSE: TOC; TSX: TOC). Thomson Scientific is a business of The Thomson Corporation. Its informationsolutions assist professionals at every stage of research and development-fromdiscovery to analysis to product development and distribution. ThomsonScientific information solutions can be found at scientific.thomson.com. -Ends- For further information please contact: Derwent Valley Holdings plc Tel: 020 7659 3000John Burns Financial Dynamics: Tel: 020 7831 3113Stephanie Highett/Marcus Pepperell Notes to editors: Derwent Valley is one of the capital's leading investors. Specialising in innovative design, Derwent Valley's circa £1 billion portfoliocomprises income-generating assets, office refurbishment and new-build projectsand mixed-use schemes. The group not only focuses its work on the West End, but in other Londonlocations where it perceives future value. With five executive directors and 28staff in total, Derwent Valley prides itself on pioneering design solutions,creating interesting work environments and working with Britain's leadingarchitects and designers. Website: www.derwentvalley.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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