Leasing ProgressLeasing progress continues with £13.3m of lettings during the first nine months at an aggregate 8.5% premium to ERV.
Rental Market OpportunitiesThe rental market has further scope to re-rate higher and provide more development opportunities for Derwent.
ValuationThe stock trades at values per square meter approximating 2013 levels, with implied portfolio values at construction costs similar to 2009-11, when the stock rallied over 200%.