Derwent London achieves strong start to the year

Property group Derwent London said it made a strong start to the year as rents on open market lettings in first quarter were 3.6 per cent ahead of the previous quarter.

Property group Derwent London said it made a strong start to the year as rents on open market lettings in first quarter were 3.6 per cent ahead of the previous quarter.

In the three first three months of the year, the company let 268,000 square feet (sq ft) at an annual rent of £3.5m, 1.7% above the estimated rental values (ERV) at the end of December.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.