Derwent London PLC Full Year Results Announcement Date (2055N)
January 28 2021 - 10:00AM
UK Regulatory
TIDMDLN
RNS Number : 2055N
Derwent London PLC
28 January 2021
28 January 2021
Derwent London plc ("Derwent London" / "the Group")
FULL YEAR RESULTS ANNOUNCEMENT DATE
Derwent London announces a revised date for the publication of
its full year results for the year ended 31 December 2020.
The results will now be published on 11 March 2021, two weeks
later than previously expected. Given practical constraints due to
the lockdown, this will allow us sufficient time to prepare and
review the results and for PwC to complete their audit.
For further information, please contact:
Derwent London Quentin Freeman, Head of Investor
Tel: +44 (0)20 7659 3000 Relations
Brunswick Group Nina Coad
Tel: +44 (0)20 7404 5959 Emily Trapnell
Notes to editors
Derwent London plc
Derwent London plc owns 83 buildings in a commercial real estate
portfolio predominantly in central London valued at GBP5.4 billion
(including joint ventures) as at 30 June 2020, making it the
largest London-focused real estate investment trust (REIT).
Our experienced team has a long track record of creating value
throughout the property cycle by regenerating our buildings via
development or refurbishment, effective asset management and
capital recycling.
We typically acquire central London properties off-market with
low capital values and modest rents in improving locations, most of
which are either in the West End or the Tech Belt. We capitalise on
the unique qualities of each of our properties - taking a fresh
approach to the regeneration of every building with a focus on
anticipating tenant requirements and an emphasis on design.
Reflecting and supporting our long-term success, the business
has a strong balance sheet with modest leverage, a robust income
stream and flexible financing.
As part of our commitment to lead the industry in mitigating
climate change, Derwent London has committed to becoming a net zero
carbon business by 2030, publishing its pathway to achieving this
goal in July 2020. In 2019 the Group became the first UK REIT to
sign a Revolving Credit Facility with a "green' tranche. At the
same time, we also launched our Green Finance Framework and signed
the Better Buildings Partnership's climate change commitment. The
Group is a member of the 'RE100' which recognises Derwent London as
an influential company, committed to 100% renewable power by
purchasing renewable energy, a key step in becoming a net zero
carbon business. Derwent London is one of only a few property
companies worldwide to have science-based carbon targets validated
by the Science Based Targets initiative (SBTi).
Landmark schemes in our 5.6 million sq ft portfolio include 80
Charlotte Street W1, Brunel Building W2, White Collar Factory EC1,
Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and
Tea Building E1.
In 2020 the Group has won several awards for Brunel Building
with the most prominent being the BCO Best Commercial Workplace
award. In 2019 the Group won EG Offices Company of the Year, the
CoStar West End Deal of the Year for Brunel Building, Westminster
Business Council's Best Achievement in Sustainability award and
topped the real estate sector and was placed ninth overall in the
Management Today 2019 awards for 'Britain's Most Admired
Companies'. In 2013 the Company launched a voluntary Community Fund
and has to date supported over 100 community projects in the West
End and the Tech Belt.
The Company is a public limited company, which is listed on the
London Stock Exchange and incorporated and domiciled in the UK. The
address of its registered office is 25 Savile Row, London, W1S
2ER.
For further information see www.derwentlondon.com or follow us
on Twitter at @derwentlondon
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END
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