Chief executive John Burns said: “Although economic conditions remain uncertain, we are encouraged by the continued improvement of the central London office market and our letting successes.”
Tower Hamlets has granted planning permission for a 121,500 sq ft mixed-use development at 60 Commercial Road, E1 which will provide 417 student accommodation units and 26,500 sq ft of offices.
Derwent will gain vacant possession of the site in 2012.
The developer has also submitted planning applications at 132-142 Hampstead Road, NW1, 2-14 Pentonville Road, N1 and City Road Estate, EC1.
Derwent will obtain possession of the former two properties next year with the latter in 2012. The three schemes have a proposed floor area of 605,000 sq ft – an uplift of over 60% from the existing floor area.
Derwent will also shortly be submitting a planning application for the 320,000 sq ft redevelopment of 80 Charlotte Street, W1.