Derwent London PLC Sony Pictures Take Leading Role At Brunel Building (4637R)
June 14 2018 - 10:55AM
UK Regulatory
TIDMDLN
RNS Number : 4637R
Derwent London PLC
14 June 2018
14 June 2018
Derwent London plc ("Derwent London" / "the Group")
SONY PICTURES TAKES LEADING ROLE AT BRUNEL BUILDING
Derwent London is pleased to announce that Sony Pictures
Entertainment ("Sony Pictures") has pre-let 77,200 sq ft of office
space at Brunel Building, Paddington W2. The property will have
seventeen storeys and Sony Pictures will occupy floors 10 to 13, as
well as part of floor 9, with an ability to take further space, on
a 15-year lease, with a break at year 12.
On completion in the first half of 2019, Brunel Building will
total 243,000 sq ft with an exciting external diagrid structure
creating generous 3.5m tall largely column-free 17,000 sq ft
floorplates. The ground floor will have a spacious canalside
reception as well as restaurant/café space, and in addition the
building will benefit from two large rooftop terraces. The project
will open up new public access to Paddington Basin and is sited
opposite an entrance to the Elizabeth line.
John Burns, Chief Executive of Derwent London, said:
"We are delighted that Sony Pictures, one of the world's most
dynamic and creative entertainment providers, has chosen Brunel
Building as its new London home. We are seeing good interest in the
remaining space and are attracting a number of other potential new
occupiers to the area which will help its transformation into one
of London's most vibrant locations."
- ends -
For further information, please contact:
Derwent London John Burns, Chief Executive
Tel: +44 (0)20 7659 3000 Paul Williams, Property Director
Emily Prideaux, Head of Leasing
Quentin Freeman / Jon Hall, Investor
Relations
Brunswick Group Nina Coad
Tel: +44 (0)20 7404 5959 Emily Trapnell
Notes to editors
Derwent London plc
Derwent London plc owns 87 buildings in a commercial real estate
portfolio predominantly in central London valued at GBP4.9 billion
(including joint ventures) as at 31 December 2017, 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.
Landmark schemes in our 5.5 million sq ft portfolio include
White Collar Factory EC1, Angel Building EC1, The Buckley Building
EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building
E1.
In 2018 to date the Group has won the Property Week Property
Company of the Year award whilst White Collar Factory scooped an
RIBA London award, RICS award and two BCO awards for Commercial
Workplace and Innovation. 25 Savile Row also won an RIBA London
award and SKA Gold for the fit-out. In 2017 the Group collected the
Property Week Developer of the Year award and EG Offices Company of
the Year and won further awards from RIBA, Civic Trust and BCO. In
2013 Derwent London launched a voluntary Community Fund and has to
date supported 56 community projects in Fitzrovia 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
Forward-looking statements
This document contains certain forward-looking statements about
the future outlook of Derwent London. By their nature, any
statements about future outlook involve risk and uncertainty
because they relate to events and depend on circumstances that may
or may not occur in the future. Actual results, performance or
outcomes may differ materially from any results, performance or
outcomes expressed or implied by such forward-looking
statements.
No representation or warranty is given in relation to any
forward-looking statements made by Derwent London, including as to
their completeness or accuracy. Derwent London does not undertake
to update any forward-looking statements whether as a result of new
information, future events or otherwise. Nothing in this
announcement should be construed as a profit forecast.
This information is provided by RNS, the news service of the
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END
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