Derwent sells Horseferry House in London for £132m

(Sharecast News) - Derwent London has exchanged contracts for the disposal of Horseferry House in London for £131.8m to an unnamed overseas investor, the company said on Wednesday.



The group bought the building in 2005 for £34m and completed a refurbishment, during which it was pre-let to Burberry, the British fashion brand, as their global headquarters.

The sale price is marginally below the December 2025 book value and completion is expected in June.

"We have now exchanged contracts on £275m of sales since the start of the year and are in discussions on a further £100m, as part of our three-year disposals target of £1bn," said Derwent CEO Paul Williams.

Reporting by Frank Prenesti for Sharecast.com

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