Letting

Derwent London PLC
20 March 2007

                                                                  


20 March 2007



             Derwent London plc ('Derwent London' / the 'Company')



            DERWENT LONDON COMPLETES FURTHER £1 MILLION OF LETTINGS
                                   IN MIDTOWN




Derwent London announces today that it has secured four new lettings totalling
2,780 sq m (29,929 sq ft) in Hatton Garden, Midtown, one of its key central
London villages.  The lettings will generate annual income of £984,695.



As a result of these lettings, the Company is pleased to confirm that The
Johnson Building, its 13,900 sq m (150,000 sq ft) office building in Hatton
Garden, and its 3,053 sq m (32,860 sq ft) office building at St Cross Street
Courtyard, Midtown are now both fully let, bringing the total annual rent roll
on these two buildings to £6.03 million.



•         Syzygy UK Ltd has taken 11,066 sq ft (1,028 sq m) on the second floor
of the Johnson Building for 10 years at £470,305 per annum, reflecting £42.50
per sq ft rising to £45.00 per sq ft, with 15 months rent-free.  This represents
an increase from the levels of between £35 and £40 per sq ft achieved in last
year's lettings to Grey Advertising, Faber Maunsell and Thomson Scientific Ltd.



•         At St Cross Street Courtyard, to the rear of The Johnson Building,
11,704 sq ft (1,015 sq m) has been let on the ground and lower ground floors to
TM Lewin, the London based shirtmakers on a 10-year lease at £265,000 per annum,
reflecting £32.50 per sq ft at ground level and £18.50 per sq ft at lower
ground, with nine months rent free.



•         Just Giving, the leading charity fundraising website, has taken 4,808
sq ft (446 sq m) on the first floor of St Cross Street.  They have taken a
10-year lease at £168,280 per annum (£35 per sq ft), with six months rent free.



•         A further 2,351 sq ft (218 sq m) has been let on the third floor at St
Cross Street to Hargreaves Associates, global landscape architects and planners.
  Hargreaves has taken a five year lease at £81,110 per annum, based on £34.50
per sq ft.



John Burns, Chief Executive of Derwent London, commented: 'Both of these
buildings are situated in the heart of London's Midtown, an area that has become
a hub of creative industries and that we have identified as one of London's
improving villages. We are very pleased to have secured these lettings in what
continues to be a strong letting environment.'



                                     -ENDS-



For further information please contact:

Derwent London                                          Tel: [phone]
John Burns / Simon Silver

Financial Dynamics                                      Tel: [phone]
Stephanie Highett/Dido Laurimore













                      This information is provided by RNS
            The company news service from the London Stock Exchange