28/02/2017 by Buildington
Derwent London considered delaying Brunel Building following the Brexit vote but decided to continue work due to the development’s merits and good levels of occupier interest.
This canalside building will provide column-free floors and is located opposite a Crossrail station.
Derwent London believes the current rental levels are attractive, and the opening of Crossrail in 2018 will significantly enhance eastward public transport links to central West End and the City.
Outstanding capital expenditure totals £99m and the ERV is £14.8m net or £62.50 per sq ft. We estimate our breakeven rent at c.£46 per sq ft.
Source: Derwent London Annual Results 2016 Preliminary Announcement derwentlondon.com 28.02.2017