Derwent London extends €515m revolving credit facility

Derwent London has extended its £450 mln (€515 mln) unsecured revolving credit facility (RCF) with Barclays, HSBC, and NatWest.

Savile Row

The extended facility, originally due to mature in October 2026, now has an initial four-year term with two one-year extension options, providing Derwent London with continued access to flexible debt and a longer average duration of facilities. Pricing remains in line with previous terms. 
Derwent London intends to use the facility for general corporate purposes, including funding its development pipeline and sustainability-related projects. 
Concurrently, the company has cancelled two £32.5 mln (€37.2 mln) revolving credit tranches from existing bilateral facilities arranged with Barclays and HSBC, while preserving the £82.5 mln (€94.4 mln) term loan components. 
This action follows Derwent London’s issuance of £250 mln (€286 mln) unsecured 7-year bonds in June 2025.
Derwent London plc, the largest office-focused REIT in London, owns a £5.0 bn (€5.7 bn) commercial property portfolio primarily in central London (as of December 31, 2024). 
The company specializes in acquiring underperforming properties off-market in improving central London locations, mainly in the West End and City Borders, and regenerating them. Its 501,676 m2 portfolio includes landmark buildings such as 1 Soho Place, 80 Charlotte Street, and the Brunel Building.