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Derwent London PLC - London-based property investor and developer - Completes a ‘significant’ lease extension with long-term standing occupier Adobe Inc at White Collar Factory EC1 in London. Says Adobe has expanded its footprint by 25% to 67,000 square feet as it leases an additional 13,400 sq ft. Further, Adobe reaffirms long-term commitment to building as it extends their occupation in 2038, with a break in 2033. The overall rent stands at £4.5 million. Derwent Chief Executive Paul Williams says: ‘We are delighted that Adobe - a global leader in creativity and innovation - has chosen to extend and expand its occupancy with us. Their ongoing commitment reflects the strength of our partnership and our ability to provide flexible, design-led space which is adaptable to changing occupier needs. With companies continuing to increase their office footprint, this deal further highlights the quality of our portfolio as well as the buoyancy of London’s office market and its position as the HQ capital of Europe. We are proud to support ambitious businesses like Adobe as they grow and succeed with us.’ Current stock price: 1,986.00 pence, up 0.3% on Wednesday morning in London 12-month change: down 15% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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