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John Burns, Chief Executive Officer of Derwent London, commented:

“In the second half we are already making further excellent progress with both our property and financing strategies. The rental growth and strong demand we see for Derwent London’s brand of space, together with the improving economic outlook, mean that we are confident that our portfolio’s estimated rental value growth will be at the top end of the 4-6% range that we predicted for the year. New lettings are achieving significantly above this level. Our successful refinancing means that we are now even better placed to fund our development pipeline and invest in additional properties.”