Derwent reports strong demand and ‘flight to quality’ in London office market

By Daniel Gayne2022-08-11T10:33:00

Firm’s first half profits for second consecutive year

London developer Derwent has predicted the “flight to quality” to continue in the capital’s commercial market, reporting good demand met by short supply in its core market.

The firm released its half-year results today, which showed pre-tax profits up 13.2% to 137.1m for the six months to 30 June 2022.

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