Derwent London Plc

DLN

GB0002652740

Commercial REITs

Market Closed - London S.E. Other stock markets 09:05:22 21/06/2024 pm IST			5-day change	1st Jan Change
2,274 ^GBX	-1.98%		-2.07%	-3.64%

31/05	Derwent London plc Appoints Rob Wilkinson as Non-Executive Director, Member of the Nominations and Audit Committees, Effect from 1 June 2024	CI
17/05	Fitch Affirms Derwent London Ratings Over In-demand Office Portfolio	MT

Titan Investors Limited exchanged contracts to acquire Turnmill EC1 in Clerkenwell, UK from Derwent London Plc for £77.3 million.

April 25, 2024

Titan Investors Limited exchanged contracts to acquire Turnmill EC1 in Clerkenwell, UK from Derwent London Plc (LSE:DLN) for £77.3 million on April 25, 2024. Turnmill EC1 in Clerkenwell has a passing rent of £4 million. Nina Coad and Peter Hesse of Brunswick Group acted as financial advisor to Derwent London.

Latest news about Derwent London Plc

Derwent London plc Appoints Rob Wilkinson as Non-Executive Director, Member of the Nominations and Audit Committees, Effect from 1 June 2024	31/05	CI
Fitch Affirms Derwent London Ratings Over In-demand Office Portfolio	17/05	MT
Derwent London hails rising demand as strikes new lettings deals	09/05	AN
Transcript : Derwent London Plc, Q1 2024 Earnings Call, May 09, 2024	09/05
Derwent London Books Lower Vacancy Rate Across Portfolio in Q1	09/05	MT
UBS raises Centrica to 'buy' from 'neutral	08/05	AN
Derwent London Sells Office Building for GBP77.4 Million	25/04	MT
Derwent London sells Clerkenwell building let to Publicis	25/04	AN
Titan Investors Limited exchanged contracts to acquire Turnmill EC1 in Clerkenwell, UK from Derwent London Plc for £77.3 million.	25/04	CI
CORRECT (Mar 15): Kingfisher promotes Deliveroo chair to be its chair	16/04	AN
Kingfisher promotes current Deliveroo chair to be its chair	15/04	AN
JPMorgan raises Taylor Wimpey, Persimmon	12/04	AN
Dr Martens cut to 'sell'; BofA likes Tullow	26/03	AN
SocGen raises Sage; Numis cuts Virgin Money	25/03	AN
Old demons return as tech takes a dive	15/03
Berenberg Upgrades Derwent London to Buy from Hold, Trims PT	15/03	MT
ANALYST RECOMMENDATIONS : Abbvie, Align Technology; Ulta Beauty, United Airlines, Currys...	15/03
Jefferies raises Mondi; UBS likes Admiral	15/03	AN
FTSE 100 Ends Sharply Down as Reckitt Benckiser, St. James's Place Dive	28/02	DJ
Derwent lifts guidance on rental growth but annual loss widens	28/02	AN
Transcript : Derwent London Plc, 2023 Earnings Call, Feb 28, 2024	28/02
Derwent London Posts Rise in FY23 Loss	28/02	MT
Claudia Arney to Step Down from Her Position as Non-Executive Director and Chair of the Remuneration Committee of Derwent London plc	28/02	CI
Derwent London Plc Announces Final Dividend, Payable on 31 May 2024	28/02	CI
Derwent London Plc Reports Earnings Results for the Full Year Ended December 31, 2023	28/02	CI

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Company Profile

Derwent London plc is a United Kingdom-based real estate investment trust (REIT). The Company is an office specialist property regenerator and investor. It owns and manages an investment portfolio of approximately 5.3 million square feet, of which 99% is located in central London, with a specific focus on the West End and the areas bordering the City of London, with the latter principally in the Tech Belt. Its properties are located in London (West End central, West End borders/other and City borders), with the remainder in Scotland (Provincial). Its portfolio includes 80 Charlotte Street, The Featherstone Building, Soho Place, Brunel Building, 25 Baker Street, White Collar Factory, Network, Tea Building, The White Chapel Building, Greencoat and Gordon House, Middlesex House, 25 Savile Row, Rathbone Studios, Morelands, Angel Building, Horseferry House and others. Its subsidiaries include Asta Commercial Limited, BBR (Commercial) Limited, Caledonian Properties Limited and others.

Sector

Commercial REITs

Calendar

08/08/2024 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

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Ratings for Derwent London Plc

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

22.74 GBP

Average target price

23.84 GBP

Spread / Average Target

+4.82%

Consensus

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Sector Other Commercial REITs

	1st Jan change	Capi.
DERWENT LONDON PLC	-3.64%	3.22B
REALTY INCOME CORPORATION	-7.44%	46.28B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	-8.05%	20.38B
SEGRO PLC	+0.74%	15.23B
UNIBAIL-RODAMCO-WESTFIELD SE	+9.80%	10.94B
CAPITALAND INTEGRATED COMMERCIAL TRUST	-5.83%	9.64B
FEDERAL REALTY INVESTMENT TRUST	-2.72%	8.32B
CAPITALAND ASCENDAS REIT	-16.50%	8.21B
KLÉPIERRE	+4.38%	7.86B
COVIVIO	-6.04%	5.41B

Other Commercial REITs

Derwent London Plc

Equities

DLN

GB0002652740

Commercial REITs

Titan Investors Limited exchanged contracts to acquire Turnmill EC1 in Clerkenwell, UK from Derwent London Plc for £77.3 million.

Latest news about Derwent London Plc

Chart Derwent London Plc

Company Profile

Income Statement Evolution

Ratings for Derwent London Plc

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Other Commercial REITs