For immediate release
Derwent London plc
(the "Company")
Notice of the 2024 Annual
General Meeting ("AGM") and
publication of the 2023 Report &
Accounts and the 2023 Responsibility
Report
Notice of 2024 AGM and
2023 Report & Accounts
Derwent London plc announces that
copies of the Notice of the 2024 AGM and 2023 Report & Accounts
have been made available to shareholders and can be viewed and
downloaded on the Company's website, www.derwentlondon.com
Copies of these documents, together
with the Form of Proxy for the AGM, will be submitted to the
National Storage Mechanism (via the Electronic Submission System)
shortly.
In accordance with Rule 4.1.14R of
the Disclosure and Transparency Rules, the Company has published
its 2023 Report & Accounts in eXtensible HyperText Mark-up
Language (XHTML) and key elements of its financial statements have
been 'tagged' using eXtensible Business Reporting Language (XBRL).
This version of the 2023 Report & Accounts will also be
submitted to the National Storage Mechanism and is available on our
website.
In accordance with Rule 4.1(3) of the
Disclosure and Transparency Rules, the Company published its annual
results announcement for the year ended 31 December 2023 on 28
February 2024.
2024 AGM
As set out in the Notice of the 2024
AGM, the Company's 40th AGM will be held on 10 May 2024 at
10:30 am. The Directors look forward to meeting with shareholders
in person.
We will provide audio facilities for
our shareholders who are unable to attend in-person, so that they
may follow the proceedings of the AGM remotely. To register for
access to the audio facilities, please visit our website.
Registration for use of the audio facilities, will close at 10.00
am on Friday 10 May 2024.
It would be helpful to the smooth
running of the AGM, if questions could be submitted to the Company
Secretary, David Lawler, at company.secretary@derwentlondon.com up
to one day before the commencement of the AGM.
2023 Responsibility Report
Derwent London plc announces that the
2023 Responsibility Report was published on its website today and
is available to be viewed here, Derwent-London-Responsibility-Report-2023
Enquiries:
D A
Lawler
Company
Secretary
9 April
2024
020 7659
3000
Notes to editors
Derwent London plc
Derwent London plc owns 66 buildings
in a commercial real estate portfolio predominantly in central
London valued at £4.9 billion as at 31 December 2023, making it the
largest London office-focused real estate investment trust
(REIT).
Our experienced team has a long track record of
creating value throughout the property cycle by regenerating our
buildings via development or refurbishment, effective asset
management and capital recycling.
We typically acquire central London properties
off-market with low capital values and modest rents in improving
locations, most of which are either in the West End or the Tech
Belt. We capitalise on the unique qualities of each of our
properties - taking a fresh approach to the regeneration of every
building with a focus on anticipating tenant requirements and an
emphasis on design.
Reflecting and supporting our long-term
success, the business has a strong balance sheet with modest
leverage, a robust income stream and flexible financing.
As part of our commitment to lead the industry
in mitigating climate change, Derwent London has committed to
becoming a net zero carbon business by 2030, publishing its pathway
to achieving this goal in July 2020. In 2019 the Group became the
first UK REIT to sign a Revolving Credit Facility with a 'green'
tranche. At the same time, we also launched our Green Finance
Framework and signed the Better Buildings Partnership's climate
change commitment. The Group is a member of the 'RE100' which
recognises Derwent London as an influential company, committed to
100% renewable power by purchasing renewable energy, a key step in
becoming a net zero carbon business. Derwent London is one of the
property companies worldwide to have science-based carbon targets
validated by the Science Based Targets initiative
(SBTi).
Landmark buildings in our 5.4 million sq ft
portfolio include 1 Soho Place W1, 80 Charlotte Street W1, Brunel
Building W2, White Collar Factory EC1, Angel Building EC1, 1-2
Stephen Street W1, Horseferry House SW1 and Tea Building
E1.
In January 2022 we were proud to announce that
we had achieved the National Equality Standard - the UK's highest
benchmark for equality, diversity and inclusion. In May 2023 we
were recognised on the Sunday Times Best Places to Work List 2023
within the medium-sized organisation category and in the following
month we won two OAS awards - West End New Build for Soho Place W1
and Developer of the Year whilst we were also highly commended for
The Featherstone Building in the City New Build category. In
October 2023, White Collar Factory EC1 won the BCO's Test of Time
2023 award, Soho Place W1 won the British Construction Industry
Awards' Best Commercial Property Project of the Year and Derwent
London was awarded the EG Employer Award. In March 2023 we placed
in the top three of the Property Sector in Management Today's
Britain's Most Admired Companies awards 2022. In October 2022, 80
Charlotte Street won the BCO's Best National Commercial Workplace
award 2022. In 2013 the Company launched a voluntary
Community Fund which has to date supported over 160 community
projects in the West End and the Tech Belt. The Company is a public
limited company, which is listed on the London Stock Exchange and
incorporated and domiciled in the UK. The address of its registered
office is 25 Savile Row, London, W1S 2ER.
For further information see
www.derwentlondon.com
or follow us on X (Twitter) at
@derwentlondon
Forward-looking
statements
This document contains certain
forward-looking statements about the future outlook of Derwent
London. By their nature, any statements about future outlook
involve risk and uncertainty because they relate to events and
depend on circumstances that may or may not occur in the future.
Actual results, performance or outcomes may differ materially from
any results, performance or outcomes expressed or implied by such
forward-looking statements.
No representation or warranty is
given in relation to any forward-looking statements made by Derwent
London, including as to their completeness or accuracy. Derwent
London does not undertake to update any forward-looking statements
whether as a result of new information, future events or otherwise.
Nothing in this announcement should be construed as a profit
forecast.
