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Highlights
Adobe increases office footprint at White Collar Factory under new lease terms with LSE:DLN
Lease extended by several years, with new break clause agreed
Total rent revised upward, affirming demand for prime central London office spaces
Derwent London plc (LSE:DLN), listed on the FTSE 350 and FTSE, operates within the UK’s commercial real estate sector. The company has announced an extended lease agreement and workspace expansion with Adobe at the White Collar Factory, a landmark office development located in London’s Tech Belt.
The deal includes a considerable increase in Adobe’s occupied space at the property and extends its tenancy duration. With the updated lease arrangements, Adobe has secured a larger footprint at the location while also agreeing to a longer commitment period. A mutual break clause is part of the agreement, offering flexibility before the full lease term ends.
The revised lease terms bring a notable uplift in the total rental income associated with the White Collar Factory site. The property has been one of the flagship assets in Derwent London’s portfolio, known for its focus on design-led and sustainable office developments in key London locations.
The expansion highlights the continued demand from international tenants for high-specification office environments in central London. The White Collar Factory, situated in EC1, offers a mix of modern workspaces, communal areas, and advanced environmental features. Adobe’s increased presence in this location underscores its strategic commitment to the UK capital.
Derwent London has positioned itself as a key player in delivering quality workspace environments that align with contemporary business needs. The company continues to focus on long-term leasing strategies and tenant retention, supported by strong relationships with major occupiers across the technology and creative industries.
The updated lease reinforces the broader market trend of global enterprises maintaining or expanding their physical office presence in core urban areas. While hybrid work models continue to evolve, prime assets such as those in Derwent London’s portfolio remain attractive for firms prioritising employee experience and operational continuity.
Adobe’s lease extension also signals confidence in the central London commercial property market. Occupier appetite for well-located, energy-efficient office space appears resilient, especially in buildings that deliver flexibility, connectivity, and modern amenities.
Derwent London’s performance continues to reflect underlying sector stability. As a Real Estate Trust (REIT), the company maintains eligibility within FTSE Dividend Yield metrics, aligning with other firms offering consistent income profiles in the UK equity market.
The continued activity at White Collar Factory and similar assets underlines the role of real estate developers in supporting workplace transformation while capitalising on urban regeneration trends across London.
