Derwent London plc is a British-based property investment and development company. It is headquartered in London and is a constituent of the FTSE 250 Index.
History
The business was originally established as the operator of the Derwent Valley Light Railway, which opened in 1913.[2] The railway closed in 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. It joined the FTSE EPRA/NAREIT Developed Europe index on 31 December 1999 when it was launched, trading under the name Derwent Valley Holdings.[3]
In 2007 Derwent Valley Holdings merged with London Merchant Securities plc to form Derwent London.[4] This deal was hailed as "the deal of the decade" by the editor of Property Week.[5]