Derwent London announces Sanjeev Sharma to its Board as Independent Director

– UK, London –  Derwent London plc (LON: DLN) today announced the appointment of Sanjeev Sharma to its Board as an Independent Non-Executive Director with effect from 1 October 2021.

“We are delighted that Sanjeev is joining the Board of Derwent London. His extensive knowledge of the real estate market will enable him to make a valuable contribution to our Group. I am also looking forward to working even more closely with Helen Gordon in her new role as Senior Independent Director.” said Board Chairman, Mark Breuer.

Sanjeev will become a member of the Risk, Audit and Nominations Committees.

The company also announced that after nine years on the Board, Simon Fraser will retire from his position as a Non-Executive Director of the Company on 31 October 2021.

Concurrently, Helen Gordon, Non-Executive Director of the Company since 2018, will be appointed Senior Independent Director on Simon’s retirement.

About Sanjeev Sharma

Sanjeev Sharma is Chief Property Portfolio Officer at M&G Real Estate – a leading financial solutions provider for global real estate investors, which is part of M&G plc’s £67.2 billion Private & Alternative Assets division. Sanjeev has significant experience in the real estate sector and financial services, is a member of the Real Estate Balance board and chairs the People in Property group.

Sanjeev Sharma was previously a Non-Executive Director of Urban & Civic PLC, a publicly quoted company, for the period May 2019 to January 2021.

About Derwent London plc

Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 31 December 2020, making it the largest London-focused real estate investment trust.

Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management, and capital recycling.

We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt. We capitalize on the unique qualities of each of our properties – taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design.

Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream, and flexible financing.

As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net-zero carbon business by 2030, publishing its pathway to achieving this goal in July 2020. In 2019 the Group became the first UK REIT to sign a Revolving Credit Facility with a ‘green’ tranche. At the same time, we also launched our Green Finance Framework and signed the Better Buildings Partnership’s climate change commitment. The Group is a member of the ‘RE100’ which recognizes Derwent London as an influential company, committed to 100% renewable power by purchasing renewable energy, a key step in becoming a net-zero carbon business. Derwent London is one of only a few property companies worldwide to have science-based carbon targets validated by the Science Based Targets initiative.

Landmark schemes in our 5.6 million sq ft portfolio include 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1, and Tea Building E1.

In January 2021, Derwent London came top of the Property Sector and 10th position overall in Management Today’s Britain’s Most Admired Companies awards 2020. In the year the Group has won several awards for Brunel Building with the most prominent being the BCO Best Commercial Workplace award. In 2019 the Group won EG Offices Company of the Year, the CoStar West End Deal of the Year for Brunel Building and Westminster Business Council’s Best Achievement in Sustainability award. In 2013 the Company launched a voluntary Community Fund and has to date supported well over 100 community projects in the West End and the Tech Belt.

The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.

For more information: https://www.derwentlondon.com

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