Derwent London buys two West End properties
10th Mar 2011 13:50
Derwent London has put its faith in the capital's real estate market with the purchase of two properties in the West End. The property group is buying an office building in Victoria for £45m and one on Tottenham Court Road for £31m. Derwent announced the acquisitions as it reported an increase in i
Read moreLondon close: Banks hold back Footsie
17th Dec 2010 17:03
Shares failed to haul themselves into the blue on a busy day's trading, as worries over the Irish economy spooked banking stocks. Ratings agency Moody's has slashed its credit rating on Ireland by five notches to Baa1 from Aa2 citing concerns over banking liabilities and economic prospects. Lloyd
Read moreLondon afternoon: Downbeat banks hold back Footsie
17th Dec 2010 15:05
Shares remain uncertain as the weekend approaches, with banks holding the leading share index back amid continuing eurozone worries. Ratings agency Moody's has slashed its credit rating on Ireland by five notches to Baa1 from Aa2 citing concerns over banking liabilities and economic prospects. Me
Read moreLondon midday: Stocks retreat
17th Dec 2010 12:49
The leading index broke above 5,900 for a short time, but now finds itself stuck in the red as AstraZeneca and the banks offset gains in the property sector. The Bank of England has warned of more bad debt provisions for the banks and also expressed serious concerns for the bond markets if yields c
Read moreLondon open: Flat start for blue chips
17th Dec 2010 08:43
London has started slowly despite the late gains on Wall Street overnight with some gloomy comments from the Bank of England unsettling the mood. The Bank warned of more bad debt provisions for the banks and also expressed serious concerns for the bond markets if yields continued to rise. Lloyds an
Read moreFriday tips round-up: Derwent London, Close Brothers, Centrica...
19th Nov 2010 06:40
Derwent London, the office landlord, joined the chorus of commercial property companies singing the praises of London's buoyant market yesterday. It is encouraged by the continued improvement" of the market in the heart of the capital, despite economic conditions remaining "uncertain". Rentals are
Read moreDerwent London continues on acquisition path
18th Nov 2010 07:46
Derwent London, a developer of Central London offices, said the market continues to strengthen as it submits plans for three new projects in the capital. The group's veteran chief executive John Burns said, "Although economic conditions remain uncertain, we are encouraged by the continued improveme
Read more2nd UPDATE: Derwent London Adds To Portfolio With GBP146M Buy
28th Jul 2010 13:11
(Adds Lloyds Banking comment.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Landlord and developer Derwent London PLC (DLN.LN) said Wednesday that it is stepping into the market for the first time in three years with the GBP146 million purchase of a building at one of Lond
Read moreUPDATE: Derwent London Adds To Portfolio With GBP146M Purchase
28th Jul 2010 12:07
(Adds detail and comment.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Landlord and developer Derwent London PLC (DLN.LN) Wednesday stepped into the market for the first time in three years with the GBP146 million purchase of a building at one of London's busiest shopping
Read moreDerwent London Adds To Portfolio With GBP146M Purchase
28th Jul 2010 08:15
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Landlord and developer Derwent London PLC (DLN.LN) Wednesday added to its central London portfolio with the GBP146 million purchase of a building at one of London's busiest shopping streets. It bought the 251,000-square-feet reta
Read moreDerwent London Buys London Properties For GBP146M
28th Jul 2010 07:22
LONDON (Dow Jones)--Derwent London PLC (DLN.LN), a specialist central London property investment and regeneration REIT, said Wednesday it has exchanged contracts for the acquisition of Central Cross, 18-30 Tottenham Court Road and 1-2 Stephen Street, London W1 for GBP146 million before costs. MA
Read moreDerwent London Plc Major West End Acquisition Of Central Cross London
28th Jul 2010 07:00
TIDMDLN RNS Number : 0303Q Derwent London PLC 28 July 2010 ? 3PRESS RELEASE 28th July 2010 Derwent London plc ("Derwent London" / "Company") DERWENT LONDON ANNOUNCES MAJOR WEST END ACQUISITION OF c250,000 SQ FT
Read moreMARKET TALK: JPMorgan Cuts Great Portland Estates To Neutral
2nd Jul 2010 07:22
0622 GMT [Dow Jones] JPMorgan Cazenove lowers Great Portland Estates (GPOR.LN) to neutral from overweight. Says the company has outperformed UK property by 17% and peer Derwent London (DLN.LN) by 7% year-to-date. Says the downgrade to Great Portland's rating is based on relative valuation "while we
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 07:22
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0622 GMT [Dow Jones] JPMorgan Cazenove lowers Great Portland Estates (GPOR.LN) to neutral from overweight. Says the company h
Read moreDerwent Valley executives sell
18th Jun 2010 16:28
Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0
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