First phase of White Chapel 46% rented, says Derwent
19th Jul 2016 08:27
(ShareCast News) - Derwent London announced on Tuesday that it has pre-let 84,600 square feet in four office transaction at the White Chapel Building, E1, representing 46% of Phase 1. The FTSE 250 firm said the refurbishment, totalling 185,000 square feet, has attracted a range of businesses includi
Read moreCiti sees opportunity in UK real estate correction
18th Jul 2016 16:17
(ShareCast News) - UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity. Nonetheless, they admitted the risk of a more severe propert
Read moreDirector dealings: Derwent London CEO sells just ahead of Brexit vote
23rd Jun 2016 15:19
(ShareCast News) - Derwent London chief executive John Burns has sold £1.5m of the FTSE 250 real estate investor's shares in the week just before the EU referendum which could seriously lift or undermine the company's shares. In Wednesday's sale, which comes two days before results for Britain's ref
Read moreThursday broker round-up
19th May 2016 13:42
(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st
Read moreDerwent London reports strong first-quarter activity
5th May 2016 10:31
(ShareCast News) - Derwent London reported strong letting activity and development progress in its first quarter on Thursday, securing £13.2m of annual rental income by letting or pre-letting 185,400 square feet. The FTSE 250 firm said that includes pre-letting 29,500 square feet to Capital One at W
Read moreBroker tips: ARM, Tate & Lyle, Inchcape
1st Apr 2016 15:46
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreNumis adds Virgin Money, Derwent and Northgate to 'top picks' list
1st Apr 2016 15:34
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreExane upgrades Great Portland as UK commercial property 'oversold'
16th Mar 2016 14:54
(ShareCast News) - Analysts at Exane BNP Paribas highlighted potential upside at British property specialist Land Securities, British Land and Derwent London on its confidence that the UK will vote to remain in the European Union in June. Exane said a maturing UK cycle means this trade will be short
Read moreMarkets pricing in too large an impact on REITs from Brexit
16th Mar 2016 13:42
(ShareCast News) - Markets were probably overpricing the impact which Brexit might have on UK real estate investment trusts, to the possible benefit of investors, UBS said. The real estate sector's main exposure was through London and offices in the capital, mainly via financial tenants in the case
Read moreDerwent London raises £105m in private placement
25th Feb 2016 12:25
(ShareCast News) - Derwent London had a bit more cash in its back pocket on Thursday, having entered into £105m of new unsecured fixed-rate private placement funding, with 12 and 15 year maturities. The FTSE 250 company said the issue was in two tranches, both of which would be drawn on 4 May. The f
Read moreCredit Suisse downgrades Derwent London and Great Portland on Brexit risks
11th Feb 2016 14:41
(ShareCast News) - Recent underperformance by the listed UK real estate outfits focused on the London office market was the result of the upcoming vote on the country's continued membership of the European Union, but the present moment did not seem to be an "obvious entry point", Credit Suisse said.
Read moreThursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreDerwent completes Wedge House sale
7th Dec 2015 08:02
(ShareCast News) - Real estate investment trust Derwent London has received £33.5m from Ennismore after completing the sale of a property in South London. The FTSE 250 group sold Wedge House, located at 40 Blackfriars Road SE1, a 38,700 square feet vacant freehold office building, which will be incl
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