Planning consent received

Derwent London PLC
21 January 2008


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

                  DERWENT LONDON SECURES PLANNING CONSENT FOR  
                     NEW 316,000 SQ FT SCHEME AT PADDINGTON


Derwent London is pleased to announce that it has secured planning permission
for a 316,000 sq ft (29,360 sq m) mixed use, canal side, scheme at 55-65 North
Wharf Road in Paddington, London W2.  The site, at the heart of the Paddington
Basin regeneration area, is directly opposite the northern entrance to
Paddington Station.

The proposed scheme includes the development of two new buildings: a 16 storey
office building of 240,250 sq ft (22,300 sq m), and a 100 unit residential block
totalling 73,000 sq ft (6,780 sq m) of which 16 units will be for affordable
housing.  The residential building will also include two ground floor retail
units, with a total area of 2,900 sq ft (270 sq m).  The existing buildings on
the site, built in the late '60s and early '70s, comprise 84,000 sq ft (7,800 
sq m) and are currently fully occupied.

Simon Silver, Development Director at Derwent London, commented:

'This is one of the last major sites within Paddington Basin to be developed and
we are very excited about the proposals which will provide a striking
architectural addition to the regeneration of the wider area.  We are familiar
with Paddington following the successful pre-letting of our Telstar development
to Rio Tinto, and we're confident about the continued growth of the area as a
business destination.'


For further information please contact:

Simon Silver/John Burns, Derwent London                           020 7659 3000
Dido Laurimore/Nicole Marine, Financial Dynamics                  020 7831 3113



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