Derwent London seems to be in a good shape to be able to comfortably sail through the recession.

The company has recently renovated three of its buildings at the expense of £82 million with the intention of leasing them out. The buildings are the Arup Phase III in Fitzrovia, the Angel Building in Islington and 16-19 Gresse Street, Soho.

In fact, the financial condition of Derwent London has actually picked up lately and its balance sheet shows good prospects. It has let out or is about to let out over 60,000 sq ft of office space in London. It has also reduced its liabilities, with the figure falling to £830 million at the end of the first quarter of 2009, which is even lower than what was expected merely three months back. Despite the current climate, good quality office rentals are still in demand; click here for more info on offices to rent London.

Moreover, the company has also managed to ensure that its properties are unencumbered from any financial burden, as properties worth £390 million remain free from liabilities.

This success has been achieved through prudent business policies of the company. While the enquires have gone down, the company has managed to keep the rate of possession high by keeping the rents comparatively lower.

Clients seem to prefer Derwent London over other firms since it offers good properties at lower rents and provides a wide range of properties to ensure that all the clients remain satisfied. This could go a long way in saving them from the impact of the slowdown that rest of the office space market is facing.