Derwent London
From Wikipedia, the free encyclopedia
| Derwent London | |
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| Type | Public (LSE: DLN) |
| Founded | 1913 |
| Headquarters | London, UK |
| Key people | Robbie Rayne, Chairman John Burns, CEO |
| Industry | Property |
| Revenue | £103.8 million (2007) |
| Operating income | £(46.3) million (2007) |
| Net income | £100.9 million (2007) |
| Website | www.derwentlondon.com |
Derwent London (LSE: DLN) is a leading British-based property investment and development business. It is headquartered in London and is a constituent of the FTSE 250 Index.
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[edit] History
The business was originally established in as the operator of the Derwent Valley Light Railway which railway dates back to 1913.[1] The railway closed in the 1981 and in 1984 John Burns used the former operating company, Derwent Valley Holdings, as the vehicle with which to develop his London-based property business. In 2007 the company merged with London Merchant Securities plc to form Derwent London.[2]
[edit] Structure
The Group is organised as one business - property investment and development. At 31 December 2007 its portfolio was valued at £2.7bn.[3]
