REG - Derwent London PLC - Planning success at Blue Star House SW9

Derwent LondonAnnouncement

17/12/2025 07:00

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RNS Number : 7907L  Derwent London PLC  17 December 2025

 Derwent London plc ("Derwent London" / "the Group")

 Planning success at Blue Star House SW9

Derwent London is pleased to announce that, as part of its ongoing strategy to
optimise values across the portfolio, it has received resolution to grant
planning permission for a hotel-led scheme at Blue Star House, Brixton SW9.

Designed by GRID Architects, the 341-room hotel development, which is opposite
the O2 Academy Brixton, has a total net lettable area of 86,100 sq ft, a 60%
uplift from the current floorspace. In addition to the hotel, there will be
ground floor office/commercial space and public realm improvements. The
refurbishment and extension of the existing eleven-storey building is in line
with our sustainable, carbon efficient approach to regeneration. Works are
expected to commence in mid-2027 with completion in late 2029.

Paul Williams, Chief Executive of Derwent London, said:

"Securing unanimous approval for this hotel-led conversion in Brixton is an
important milestone on our journey to maximise value at Blue Star House. The
scheme is well-located in the heart of the community and will support further
local regeneration."

 

For further information, please contact:

 Derwent London                             Paul Williams, Chief Executive

 Tel: +44 (0)20 3478 4217 (Robert Duncan)   Jonathan Theobald, Head of Investment Analytics

                                            Robert Duncan, Head of Investor Relations
 Brunswick Group                            Nina Coad

 Tel: +44 (0)20 7404 5959                   Peter Hesse

 

Notes to editors

Derwent London plc

Derwent London plc owns a commercial real estate portfolio predominantly in
central London valued at £5.2 billion as at 30 June 2025, making it the
largest London office-focused real estate investment trust (REIT).

Our experienced team has a long track record of creating value throughout the
property cycle by regenerating our buildings via redevelopment 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 City Borders. We capitalise 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.

We are frequently recognised in industry awards for the quality, design and
innovation of our projects. Landmark buildings in our 5.3 million sq ft
portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1,
Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea
Building E1.

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 2020. Our science-based
carbon targets have been validated by the Science Based Targets initiative
(SBTi). In 2013, we launched a voluntary Community Fund which to date has
supported 180 community projects in central London.

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 further information see www.derwentlondon.com
(http://www.derwentlondon.com) or follow us on LinkedIn.

 

Forward-looking statements

This document contains certain forward-looking statements about the future
outlook of Derwent London. By their nature, any statements about future
outlook involve risk and uncertainty because they relate to events and depend
on circumstances that may or may not occur in the future. Actual results,
performance or outcomes may differ materially from any results, performance or
outcomes expressed or implied by such forward-looking statements.

No representation or warranty is given in relation to any forward-looking
statements made by Derwent London, including as to their completeness or
accuracy. Derwent London does not undertake to update any forward-looking
statements whether as a result of new information, future events or otherwise.
Nothing in this announcement should be construed as a profit forecast.

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