New £100m Unsecured RCF with Handelsbanken
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13 July 2026 |
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Derwent London plc ("Derwent London" / "the Group") New £100m Unsecured RCF with Handelsbanken |
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Derwent London is pleased to announce that it has signed a £100 million unsecured revolving credit facility ("RCF") with Handelsbanken plc, a new lender to the Group. The RCF has an initial five-year term, with two one-year extension options and a £50 million accordion option, each subject to lender consent. The margin and financial covenants are in line with those of the Group's existing bank facilities.
Damian Wisniewski, Chief Financial Officer of Derwent London, said:
"Handelsbanken is a new lending relationship for Derwent London and I am delighted that we have agreed this facility on terms consistent with those of our existing relationship banks. This reflects the strength of the Group's business model, strategy and balance sheet, as well as the continued support of the banking market for our business."
For further information, please contact:
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Derwent London Tel: +44 (0)20 3478 4217 |
Damian Wisniewski, Chief Financial Officer Jay Joshi, Group Financial Controller Robert Duncan, Head of Investor Relations |
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Brunswick Group Tel: +44 (0)20 7404 5959 |
Nina Coad Aoife Godfrey |
Notes to editors
Derwent London plc
Derwent London plc owns a commercial real estate portfolio predominantly in central London valued at £5.1 billion as at 31 December 2025, making it the largest London office-focused real estate investment trust (REIT).
Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via redevelopment or refurbishment, effective asset management and capital recycling. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or City Borders. We capitalise on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing.
We are frequently recognised in industry awards for the quality, design and innovation of our projects. Landmark buildings in our 5.3 million sq ft portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea Building E1.
As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, with its updated pathway published in 2025. Our science-based carbon targets have been validated by the Science Based Targets initiative (SBTi). In 2013, we launched a voluntary Community Fund which to date has supported 200 community projects in central London.
The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.
For further information see www.derwentlondon.com or follow us on LinkedIn.
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