Derwent London (DLN)

Sector:

Property Investment Trusts

Index:

FTSE 250

2,210.00p
   
  • Change Today:
      60.00p
  • 52 Week High: 2,726.00p
  • 52 Week Low: 1,779.00p
  • Currency: UK Pounds
  • Shares Issued: 112.29m
  • Volume: 43,116
  • Market Cap: £2,481.63m
  • RiskGrade: 145
  • Beta: 1.44

Derwent London agrees terms for acquisition of City Road Island

By Michele Maatouk

Date: Tuesday 14 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Derwent London said on Tuesday that it has been selected by the Moorfields Eye Hospital NHS Foundation Trust and UCL as their preferred bidder for the acquisition of the freehold of City Road Island, 162 City Road and 11-43 Bath Street EC1.
Heads of terms have been agreed for the estate, which Derwent said forms an important strategic 2.5 acre site located in the heart of the Tech Belt.

The company intends to submit a planning application next year for its redevelopment, with the acquisition expected to complete in the second half of 2026 upon the delivery of the 'Oriel' joint initiative for a new eye care, research and education centre in Camden.

Chief executive Paul Williams said: "We are delighted to be acquiring this well located major regeneration opportunity close to our existing holdings in Islington. We are pleased to be part of the process whereby the Oriel partners can fulfil their ambition to build a new eye care, research and education centre."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Derwent London Market Data

Currency UK Pounds
Share Price 2,210.00p
Change Today 60.00p
% Change 2.79 %
52 Week High 2,726.00p
52 Week Low 1,779.00p
Volume 43,116
Shares Issued 112.29m
Market Cap £2,481.63m
Beta 1.44
RiskGrade 145

Derwent London Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.96% above the market average47.96% above the market average47.96% above the market average47.96% above the market average47.96% above the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Price Trend
10.84% below the market average10.84% below the market average10.84% below the market average10.84% below the market average10.84% below the market average
11.76% below the sector average11.76% below the sector average11.76% below the sector average11.76% below the sector average11.76% below the sector average
Income
14.79% below the market average14.79% below the market average14.79% below the market average14.79% below the market average14.79% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average
Growth
66.08% below the market average66.08% below the market average66.08% below the market average66.08% below the market average66.08% below the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 5
Sell 1
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Derwent London Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Sep-23 27-Apr-23
Paid 13-Oct-23 02-Jun-23
Amount 24.50p 54.50p

Trades for 05-Dec-2023

Time Volume / Share Price
15:32 0 @ 2,214.00p
15:35 42 @ 2,210.00p
15:34 182 @ 2,210.08p
15:34 79 @ 2,208.00p
15:34 54 @ 2,212.00p

Derwent London Key Personnel

CEO Paul M. Williams
CFO Damian Wisniewski

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