Derwent Says Rental Growth is Returning
Tuesday, March 23, 2010 10:23Posted in category Property Market
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It is forecasted that following the sharp falls over the past two years, the rental values will grow by the end of the year in central London.
Derwent London plans to spend more than £260m on new projects in central London after identifying an improvement in demand from businesses for new space.
The FTSE 250 property company, which specilizes in redeveloping and refurbishing offices in West End locations, unveiled the plans as it reported a sharp narrowing in annual pre-tax losses for 2009.
The capital value of Derwent’s property rose in the second half of 2009, following the fall in the first half. This improvement meant pre-tax losses narrowed.
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