PROPERTY investment firm
Derwent reported a total return of 6.6 per cent in the year ended 31 December. Net rental income increased 10.5 per cent to £178m, up from £161.1m the previous year.
The company raised its proposed final dividend 10.1 per cent to 51.45p per cent, and increased its full-year dividend to 72.45p per share, a jump of 10 per cent.
Derwent's portfolio was valued at £5.5bn — an underlying valuation increase of 3.9 per cent — which it said drove the total returns increase.
In a statement Derwent said it had a "more confident outlook for
During the period the group achieved new lettings on 498,500 square feet of space, and secured £181.7m in property disposals.
Derwent also brought forward the net zero carbon target on its current portfolio by 20 years to 2030.
Chief executive
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