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Derwent London plc announces that, after 19 years of service including 13 years as a Board Director, David Silverman will be leaving the Group. The current expectation is that David will step down as a Director during the first half of 2022.

During David’s tenure at Derwent London, he has been integral to the Group’s investment acquisitions and disposals. David led on the three recently announced off-market West End transactions. He was also an important member of the team that secured the merger with LMS in 2007 and the successful disposals that followed.

David’s current responsibilities will be allocated amongst the other Executive Directors and therefore it is not the Board’s current intention to appoint a replacement.

Paul Williams, Chief Executive said:

"On behalf of my fellow directors, I wish to thank David for his considerable contribution to the success of Derwent London over the last 19 years. During that time he has played an important role in the growth of the Group and the acquisition of exciting properties which will support the business for many years to come. The whole Group wishes him well for the future."

David Silverman, Executive Director said:

“It has been a privilege to have worked at Derwent over the years. It is one of London’s most innovative and creative property investors and that is down to an outstanding team. I wish Paul and all at Derwent every success for the future”.

Information equivalent to that required under section 430(2B) of the UK Companies Act 2006 will be made available on the Company's website at the time David Silverman steps down from the Board.