Letting

RNS Number : 1298F
Derwent London PLC
06 October 2008

3PRESS RELEASE
6 October 2008

Derwent London plc ("Derwent London" / "Company")

DERWENT LONDON ANNOUNCES 27,000 SQ FT LETTING AT QUBE

Derwent London has secured a further office letting at Qube, 90 Whitfield Street, London W1, to HOK International, bringing a new
occupier to their Fitzrovia estate. The scheme is now over 50% let.

HOK, one of the world's largest architectural firms, has taken the entire first and part third floors, comprising a total of
approximately 27,277 sq ft (2,534 sq m) on a 15-year lease at �1,307,000 per annum, with five year rent reviews. The rent on the first floor
is �50.00 per sq ft and on the part third floor �56.00 per sq ft. The tenant has an option to break at year 10. A rent-free period of 22
months has been agreed with a rental penalty of six months if the break is exercised.

The letting to HOK follows previous transactions that have been concluded at the scheme. Tribal Group, a leading provider of consultancy
services to the public sector, recently took 12,173 sq ft (1,130 sq m) of office space on the third floor and luxury beauty retailer, Space
NK, took a ground floor retail unit. Other occupiers at the building are the media agency, Vizeum and sushi chain Itsu.

John Burns, Chief Executive of Derwent London, comments:

"As with other Derwent schemes, we have endeavored to create an attractive tenant mix which reflects the improving nature of the
surrounding area. We are delighted to welcome HOK, architects whose work we greatly admire, to Qube. This brings lettings achieved by
Derwent to �12.3 million so far this year."

James Berry, HOK, Director of Management & Operations, comments:

"HOK understand that the built environment has a profound affect on people's lives. We chose Qube for its fantastic central location
and the high quality of the building's architecture and interiors. As a signature building in a strong, central W1 location, it will place
our staff at the very heart of London's commercial design and creative industries."

-ends-

For further information please contact:

Dido Laurimore/ Olivia Goodall, Financial Dynamics: Tel: 020 7831 3113

John Burns, Chief Executive, Derwent London: Tel 020 7659 3000

This information is provided by RNS
The company news service from the London Stock Exchange

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