Landlords suffer slump in retail and hospitality rent collection in December January 12, 2021 Commercial landlords struggled to collect rent owed by retail and hospitality tenants in December, as the sectors continued to be hit by the impact of lockdown restrictions on trading. Landsec – the UK’s largest commercial property development and investment firm – collected just 65 per cent of the £112m due in December, compared to a [...]
Derwent London hikes dividend as landlord expects resilient office demand August 11, 2020 Property firm Derwent London this morning said it expects demand for office space to be resilient despite the coronavirus pandemic, saying there is “no substitute” for face-to-face collaboration. The landlord hiked its dividend for the first half of the year as it said it is confident about the future of the role of the office, [...]
Derwent hikes dividend as election boosts London office sector February 25, 2020 Property investment firm Derwent London hiked its dividend this morning as it said it has a “more confident outlook” for the capital’s office sector following the General Election result. The figures Derwent reported a total return of 6.6 per cent in the year ended 31 December. Net rental income increased 10.5 per cent to £178m, [...]
Derwent London sells Clerkenwell office block for £103m August 8, 2019 Property developer Derwent London has exchanged contracts to sell The Buckley Building in Clerkenwell for £103m, the company announced as it reported boosted rental income for the first half of the year. New lettings in the first half totalled £18.1m, 7.5 per cent above December 2018 estimated rental value. Net rental income was up 7.1 [...]
Derwent London buys back 1 Oxford Street as part of Crossrail agreement July 14, 2015 Derwent London has signed a new 150-year lease agreement with Crossrail on a £400m office and shopping development above Tottenham Court Road station. The developer is effectively buying back the site at 1 Oxford Street after having to surrender it in 2009 to Crossrail. Derwent will receive £55m on completion of scheme in around 2020. [...]
Derwent London secures its first lettings for White Collar Factory July 13, 2015 Derwent London said yesterday it has snapped up an office block at the heart of the capital’s fintech district in Aldgate at the same time as it announced its first lettings at the White Collar Factory scheme in Old Street. The developer has bought Aldgate Union on Whitechapel High Street from the Royal Bank of [...]
Derwent London and LaSalle Investment Management agree to Farringdon property swap deal February 11, 2015 Derwent London yesterday agreed a property swap with LaSalle Investment Management to acquire the leasehold on a property in Farringdon and dispose of its stakes in three other properties. As part of the deal Derwent will acquire a 175-year leasehold on 20 Farringdon Road. In exchange Derwent will hand the 22 Kingsway property in central [...]
Barratt and Derwent benefit from recovery May 8, 2014 BARRATT Developments expects to secure reservations on more than a quarter of next year’s private completions by June as the UK’s housing recovery continues apace. Chief executive Mark Clare said yesterday that rising consumer confidence and better mortgage availability meant sales rates had now reached an “optimum level”, with Barratt registering an average of 0.77 [...]