Derwent London completes sale of Tottenham Court Road property
21st Dec 2016 14:02
(ShareCast News) - Derwent London has completed the sale of its freehold interest in 120-134 Tottenham Court Road in London to a private investor for £69.74m. The property comprises a 330-room hotel and 26,400 sq ft of retail and restaurant floor space. The hotel is let to Radisson Blu Edwardian Gra
Read moreMonday broker round-up
14th Nov 2016 10:38
(ShareCast News) - Dairy Crest: JP Morgan keeps at neutral with a target price of 600p. Tesco: HSBC upgrades to buy with a 260p target. Inmarsat: Jefferies stays at buy with a 1245p target. Aggreko: Barlcays reiterates overweight with a 1000p target. SSE: Goldman Sachs keeps at neutral with a 160
Read moreFriday broker round-up
11th Nov 2016 09:55
(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke
Read moreDerwent London breaks records in third quarter
10th Nov 2016 09:13
(ShareCast News) - Derwent London posted an update on its trading for the third quarter to 30 September on Thursday, saying the year-to-date had broken its own records for lettings, surpassing the full year 2015 with 495,300 square feet securing £28.3m pa of rental income. The FTSE 250 firm said on
Read moreWednesday broker round-up
2nd Nov 2016 11:59
(ShareCast News) - Lancashire: JP Morgan keeps at neutral with a target price of 595p. Rolls Royce: UBS stays at neutral, 800p target. Rio Tinto: Barclays reiterates overweight with a 3200p target. Derwent London: Goldnman Sachs reiterates buy with a 3035p target. TUI AG: UBS reiterates buy with
Read moreCapCo buys £70m Covent Garden property from Derwent
31st Oct 2016 07:09
(ShareCast News) - Investment company Capital & Counties bought a Covent Garden property from Derwent London real estate investment trust for £67.5m. The multi-let Tower House building on the junction of Southampton Street and Tavistock Street has a £3.1m annual rent across 53,700 square feet, which
Read moreDerwent lets east London property at £52 per square foot
4th Oct 2016 07:31
(ShareCast News) - FTSE 250 property investor Derwent London reported that it had let part of its east London property to a Cabinet Office service, in order for it to be nearer to city's technology hub. The first two floors of The White Chapel Building on Whitechapel High Street, formerly RBS' Aldga
Read moreDerwent London sells 75 Wells Street for £41m
9th Sep 2016 07:53
(ShareCast News) - Derwent London has sold its long leasehold interest in 75 Wells Street, London W1, to a private investor for £40.9m before costs. The company said the sale price was in line with December 2015 and June 2016 valuations. Chief executive officer John Burns said: "This disposal, whi
Read moreFriday broker round-up
12th Aug 2016 09:36
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read moreDerwent shares fall on uncertain outlook post Brexit
11th Aug 2016 09:22
(ShareCast News) - Derwent London shares fell on Thursday after the real estate investment trust said the outcome of the European Union referendum may lower activity. In the company's first half results, Derwent said the latest portfolio valuation timed seven days after Brexit showed capital growth
Read moreFirst 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
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