Derwent London : DLN – Full year results

Derwent London has released results for the year ended 31 December 2013. Over the year its EPRA NAV rose by 20% to £22.64 and EPRA earnings per share rose by 7% to 53.9p. The dividend was hiked by 8.3% to 36.5p.

Almost 250,000 sq. ft of projects were completed in 2013 and Derwent have another 586,000 sq ft under construction, including the White Collar Factory EC1 (on Old Street roundabout, pictured), and another 1m sq ft of projects with planning permission. Derwent have earmarked £280m to fund these projects over the next couple of years.

Disposals in the year totalled £150m, £131m of which came from the sale of 1-5 Grosvenor Place SW1.

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