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Commenting on the period under review, John Burns, chief executive of Derwent London, said: “Despite economic conditions remaining difficult, our central London operating market has performed well. In addition to our current projects, we are progressing our plans for a number of refurbishment and regeneration schemes for commencement in 2011 and 2012. The reversionary characteristics of our portfolio, and the opportunities within, together with our strong balance sheet, will continue to provide the platform for rental and capital value growth.”