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Derwent London plc is pleased to announce its Q3 Interim Management Statement.
Good momentum maintained in rents, lettings and developments. John Burns, Chief Executive Officer of Derwent London, commented "Our business continues to perform well. Robust demand in our markets has led to steadily rising rents, the letting of nearly all of 10-4 Pentonville Road and a low vacancy rate of around 1% across the investment portfolio. We have significantly increased our on-site development with the commencement of 40 Chancery Lane and Turnmill and we are pushing forward with additional projects that will see this activity increase further.”