Derwent London says the office is “busy again”

According to one of the leading developers in the UK capital, the London office market is “busy again”. Companies are ready to commit to office space at higher rents than last year, as long as they are modern and energy efficient.

Derwent London, the landlord of the FTSE250’s office, said he had rented about 65,000 square feet of space so far this year and that tenants are willing to pay more than expected.

According to the company, the new rent is worth £ 3.9 million in annual rent to Derwent, 8.2 percent higher than the estimated rent value for space last December.

An additional £ 3.3 million worth of leases are offered with annual rental income.

Paul Williams, CEO of Derwent, said:

The activity is ” [Derwent] In a memo, Goodbody analyst Colm Lauder states management’s view that tenant competition continues to seek the right building in the right place.

Derwent also announced that it has agreed to purchase a large development plot on the grounds of the Moorfields Eye Hospital in eastern London for £ 239m.

Derwent London says the office is “busy again”

Source link Derwent London says the office is “busy again”

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