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Derwent London plc REIT ( (GB:DLN) ) has shared an announcement.
Derwent London has agreed to sell Horseferry House in SW1 to an overseas investor for £131.8 million, with completion due in June 2026. The 164,900 sq ft property, acquired for £34 million in 2005 and comprehensively refurbished for Burberry’s global headquarters, was recently subject to a lease extension to 2043 with fixed uplifts, and the sale price is slightly below its December 2025 book value.
The disposal crystallises an internal rate of return of about 8.4% over 21 years, outperforming the MSCI Central London Office Index by roughly 240 basis points annually. Together with other recent asset sales and further planned disposals, the transaction advances Derwent London’s three-year £1 billion disposal programme, underlining its strategy of active capital recycling and reinforcing its position in the central London office market.
The most recent analyst rating on (GB:DLN) stock is a Hold with a £1652.00 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 DLN Stock
According to Spark, TipRanks’ AI Analyst, DLN is a Neutral.
The score is led by recovering financial performance and a generally positive, returns-focused outlook from management (upgraded ERV guidance, leasing momentum, and capital recycling), supported by reasonable valuation and yield. These positives are tempered by weak technicals (bearish trend and negative momentum) and near-term earnings pressure from higher financing costs and elevated development CapEx.
To see Spark’s full report on DLN stock, click here.
More about Derwent London plc REIT
Derwent London plc is the largest London office-focused real estate investment trust, owning a £5.1 billion commercial portfolio predominantly in central London. The group specialises in regenerating buildings through redevelopment and refurbishment, targeting off-market acquisitions in improving West End and City border locations with modest initial rents.
Its 5.3 million sq ft portfolio includes landmark offices such as 25 Baker Street, 1 Soho Place and White Collar Factory, backed by a strong balance sheet and flexible financing. Derwent London has committed to becoming a net zero carbon business by 2030 and is frequently recognised for the design and innovation of its projects, supported by an active community fund in central London.
Average Trading Volume: 408,706
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.74B
Learn more about DLN stock on TipRanks’ Stock Analysis page.