logo
Plus   Neg
Share
Email

Derwent London Says Year To Date Total Lettings Total GBP 33.5 Mln

Derwent London PLC (DLN.L) reported that its total lettings year to date totaled 33.5 million pounds, on 486,600 sq ft. These were on average 7.0 percent above December 2018 ERV.

EPRA vacancy rate declined to 0.6 percent from 1.8 percent in December 2018.

The company's net debt fell from 1.003 billion pounds in June 2019 to 937.0 million pounds at 30 September 2019, the decrease due mainly to the sale proceeds from The Buckley Building EC1.

On 31 October 2019, Derwent London announced the extension of its main 450 million pounds revolving bank facility to October 2024, increasing the weighted average maturity of facilities by 11 months.

The facility incorporates a 'green' tranche of 300 million pounds to be drawn in accordance with the company's newly published Green Finance Framework.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label. California Gov. Gavin Newsom signed an executive order on Wednesday that bans the sale of new gasoline-powered vehicles in the state by 2035. With this, California plans to phase out the sale of all gasoline-powered vehicles and to drastically reduce demand for fossil fuel in its fight against climate change. The order directs the California Air Resources Board to develop a plan.
RELATED NEWS
Follow RTT