Derwent hails London as 'safe haven' for investment

London-focused real estate investment trust Derwent London saw its net asset value (NAV) increase in the first half, saying that it has achieved 'good momentum in London's Olympic year'.

London-focused real estate investment trust Derwent London saw its net asset value (NAV) increase in the first half, saying that it has achieved 'good momentum in London's Olympic year'.

Adjusted NAV per share rose 4.1% from 1,701p at December 31st 2011 to 1,770p, driven mainly by the estimated rental value (ERV) growth of 2.8% (the fifth successive half-year of growth) and developments and major refurbs which rose 6.1% in value.

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