Derwent signals confidence in London market as profits soar

By Jordan Marshall2021-08-10T08:30:00

Derwent-London-Soho-Place-updated-image-AHMM-v02b_170706-(002)

Developer has brought two sites in the city’s Knowledge Quarter

Derwent has signalled its confidence in the London commercial market, announcing the purchase of two major sites, the signing of a new joint venture agreement and a bumper profit for the first half of the year.

In its interim results update for the six months to June, the developer reported a significant improvement in its profit position on the covid-ravaged equivalent period last year.

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