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Property firm Derwent London raises full-year rents forecast

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Property firm Derwent London raises full-year rents forecast

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(Reuters) – Derwent London <DLN.L>, a central London office developer, raised its full-year rents guidance after achieving a record level of new lettings in the first half despite concerns about Brexit. The company said it expected full-year rental values to vary between a 3 percent fall and 2 percent growth, up from a previous estimate of a 5 percent drop to flat growth. Derwent London said EPRA net asset value rose 0.9 percent to 3,582 pence ($46.48) in the six months ended June 30.

(Reporting by Esha Vaish in Bengaluru; editing by Jason Neely)
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