West End revival boosts Derwent

By DAILY MAIL REPORTER
Updated:

 

Strong demand for London properties helped losses narrow at Derwent, the landlord whose main business is centred on London's West End.

The firm, which rents out office and shop space, posted losses of £34.9m for 2009 a significant improvement on the £606.5m reported in 2008.

The value of its estate fell 3.3% over the year to £1.92bn having tumbled 22.1% in 2008 along with others battered by the downturn.

The shares fell 11p to 1327p.

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