Advertisement
UK markets close in 6 hours 15 minutes
  • FTSE 100

    8,298.39
    +84.90 (+1.03%)
     
  • FTSE 250

    20,381.16
    +216.62 (+1.07%)
     
  • AIM

    777.18
    +5.65 (+0.73%)
     
  • GBP/EUR

    1.1650
    -0.0010 (-0.08%)
     
  • GBP/USD

    1.2540
    -0.0024 (-0.19%)
     
  • Bitcoin GBP

    51,215.76
    -788.45 (-1.52%)
     
  • CMC Crypto 200

    1,332.59
    -32.54 (-2.38%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CRUDE OIL

    78.55
    +0.07 (+0.09%)
     
  • GOLD FUTURES

    2,323.90
    -7.30 (-0.31%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • DAX

    18,280.85
    +105.64 (+0.58%)
     
  • CAC 40

    8,020.71
    +24.07 (+0.30%)
     

Derwent London raises 2018 rental value estimate on strong demand

Aug 9 (Reuters) - Derwent London (LSE: DLN.L - news) raised its rental value estimate for 2018 on Thursday, as the central London office developer sees strong demand despite Brexit uncertainties plaguing the sector.

The company said it expects 2018 estimated rental value to range between growth of 2 percent to negative 1 percent, an improvement from its earlier forecast of up 2 percent to down 3 percent.

New (KOSDAQ: 160550.KQ - news) lettings came in at 8.4 million pounds ($10.82 million) in the six months to June 30, 8.2 percent above its estimate in December, the company said.

($1 = 0.7763 pounds) (Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)