Derwent London Plc (DLN.L) issued interim management statement for the three months ended March 31, 2012.
The company noted that robust lettings progress continued into the first quarter of 2012 with 6.8 million pounds of transactions, including the pre-letting of 1 Page Street to Burberry. The rental levels achieved endorse Derwent London's positive rental growth expectations for 2012.
The company stated that a sizeable proportion of its tenant enquiries and completed lettings continues to come from the growing TMT and other creative sectors. Derwent London said it has moved forward with its pipeline of current and future schemes and won further major planning consents. The company is now on-site at Turnmill and on schedule to commence 40 Chancery Lane in the second half of the year.
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