Its very good to see Derwent London investing up to £700 million in London schemes. It's starting work on a £500 million redevelopment of the historic Astoria music venue on Charing Cross Road and is starting construction on a £200 million office scheme in Shoreditch.
It's positive news for the traditional office lease model when so many office schemes seem to be focussed on co working and We Work opportunities. It also defies any Brexit gloom, and shows great confidence in London. John Burns say Derwent has done £65 million of office lettings since the Brexit vote.
Property giant Derwent London on Thursday revealed remarkable confidence in the capital as it agreed to start work on £700 million of new projects following first-half growth.