IN BRIEF: Derwent London says 25 Baker Street to add to 2025 results

Derwent London PLC - London office-focused real estate investment trust - Completes its 25 Baker Street development in the Marylebone area of west central London, saying office leases started in September and so will contribute to 2025 earnings. The fully let office space will provide £21.2 million in annual headline rent, while three retail unites will add a combined annual rent of £400,000. Derwent London says the yield on completion of 25 Baker Street is 7.5%, with an ungeared internal rate of return of 11.3%.

Derwent also says the contracts worth £115.9 million have been exchanged for private residential units at 100 George Street, also in central London.

Current stock price: 1,730.00 pence, up 1.2% in London on Thursday

12-month change: down 25%

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