TIDMDLN 
 
RNS Number : 9328X 
Derwent London PLC 
25 August 2009 
 

 
 
25 August 2009 
 
 
Derwent London plc ("Derwent London" / "Company") 
 
 
Derwent London secures Fitzrovia pre-let 
 
 
Derwent London has secured a 12,200 sq ft (1,130 sq m) pre-let at 45 Whitfield 
Street, W1 to Target Media Group (OTM (UK) Ltd) which will take the entire 
building on a 10-year lease at GBP345,000 per annum. 
 
 
The rent on the first to fourth floors is GBP30 psf (GBP323 psm) with GBP25 psf 
(GBP269 psm) on the ground floor and GBP10 psf (GBP108 psm) on the lower ground 
floor. There are mutual options to break in March 2013 to preserve flexibility 
with regards to future development plans. A 10 month initial rent free period 
was agreed, plus a further 10 months rent free period if the breaks are not 
exercised. 
 
 
The pre-let to Target Media follows significant activity at Derwent London's 
Fitzrovia estate. At 43 Whitfield Street, a total of 8,200 sq ft (760 sq m) was 
recently let to the University of Leeds and Zuhlke Engineering at GBP268,000 per 
annum whilst another three floors totalling 6,000 sq ft (560 sq m) is under 
offer. 
 
 
In the year to date, the group has either let or placed under offer 210,000 sq 
ft (19,530 sq m) of floorspace in central London with a rental income of GBP6.0 
million per annum. Of this, 72,000 sq ft (6,690 sq m) (GBP3.0 million per annum) 
was in Fitzrovia, which demonstrates our commitment to the regeneration of the 
area. 
 
 
Fitzrovia is a strategically important area for the group where our holdings 
total over one million sq ft (92,900 sq m). Future plans include the 
refurbishment of existing buildings and investment in local services to 
revitalise this unique part of W1. 
 
 
Quote from John Burns - Derwent London 
 
 
"We are pleased to have achieved a pre-let in our Fitzrovia village to Target 
Media. This is a further step in Derwent London's plans to regenerate parts of 
Fitzrovia and we are working with our tenants and fellow investors to create 
desirable spaces in which to live and work." 
 
 
For further information please contact: 
 
 
+---------------------------------------+---------------------------------------+ 
| Derwent London                        | Tel 020 7659 3000                     | 
| John Burns, Chief Executive,          |                                       | 
|                                       |                                       | 
+---------------------------------------+---------------------------------------+ 
| Brunswick Group                       | Tel: 020 7404 5959                    | 
|  Andrew Fenwick/James Rossiter,       |                                       | 
+---------------------------------------+---------------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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