Derwent sees strong demand for office space in “pretty busy” central London

He added:: “We have delivered another strong leasing performance, with £18.9 million of new rent signed over 12% above ERV. Alongside pre-letting the remaining office space at 25 Baker Street W1, our activity was well distributed across the portfolio. Growth in rental values doubled to 4.3%, the highest level since 2016, and valuations recovered in the second half as yields stabilised, delivering a positive total return of 3.2%.”