Derwent London Sells Francis House for £55.5 Million

Derwent London plc REIT ( (GB:DLN) ) has provided an announcement.

Derwent London plc has announced the sale of Francis House, a 43,000 sq ft office space, for £55.5 million to a Local Government Pension Scheme. This sale, scheduled to complete in early Q4 2025, reflects a 4.9% net initial yield and is expected to be slightly accretive to EPRA earnings. The transaction is part of Derwent London’s strategy to reinvest proceeds into higher-return opportunities, including projects in the West End. This move highlights the strengthening investor demand in the London office market and supports the company’s ongoing investment and development plans.

The most recent analyst rating on (GB:DLN) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Derwent London plc REIT stock, see the GB:DLN Stock Forecast page.

Spark’s Take on GB:DLN Stock

According to Spark, TipRanks’ AI Analyst, GB:DLN is a Outperform.

Derwent London’s stock is underpinned by strong corporate activities and a solid valuation, making it appealing for growth and income investors. While financial performance shows stability, the technical analysis indicates potential short-term challenges. Overall, the stock’s positive corporate actions and attractive valuation position it well for future gains.

To see Spark’s full report on GB:DLN stock, click here.

More about Derwent London plc REIT

Derwent London plc is the largest London office-focused real estate investment trust (REIT), owning a commercial real estate portfolio predominantly in central London valued at £5.0 billion as of December 2024. The company specializes in regenerating buildings through redevelopment or refurbishment, effective asset management, and capital recycling. It typically acquires properties in central London with low capital values and modest rents, focusing on design and tenant requirements. Derwent London is committed to becoming a net zero carbon business by 2030 and has a strong balance sheet with modest leverage and a robust income stream.

Average Trading Volume: 254,834

Technical Sentiment Signal: Sell

Current Market Cap: £2.19B

See more data about DLN stock on TipRanks’ Stock Analysis page.