StockMarketWire.com - Derwent London reported lettings rose to £2.4m in the first quarter of the year, while £7.2m of lettings were under offer.

'Occupier interest remains good with 164,500 sq ft of lettings signed or under offer, the firm said. The firm added that 51,500 sq ft of new lettings, achieving £2.4m of rents, were signed in the first quarter, while 113,000 sq ft were under offer for circa £7.2m of rents.

The firm reported two developments were under construction totalling 623,000 sq ft, of which 45% was pre-let.

The LTV ratio was 13.2% at 31 March 2018. Cash and undrawn facilities were £514m.

'We continue to make good progress with our developments. Occupier interest remains encouraging and we have a significant amount of space under offer,' said John Burns, Chief Executive.


At 9:07am: [LON:DLN] Derwent London share price was +22p at 3149p



Story provided by StockMarketWire.com