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Robert Rayne, Chairman, commented: “Derwent London has made excellent progress since the formal completion of the acquisition of London Merchant Securities in February and I am pleased to announce an extremely strong set of results. After a very active and successful first half, your Group is extremely well positioned to take further major steps in its chosen markets. Investor interest in acquiring Central London assets remains high, and occupier demand continues to be robust. By applying management’s design-led refurbishment and redevelopment skills and diligent asset
management, we believe that shareholders will benefit as we continue to unlock the value in the enlarged portfolio. Consequently, in spite of the current uncertainties in the global financial markets, we look forward to the future with confidence.”