The chief executive officer (CEO) of Derwent London, Paul Williams, has announced his plans to retire after nearly 40 years with the company, triggering a search for his successor.
Williams, who joined Derwent London in 1987, just three years after its founding, became CEO in 2019 and has played a key role in the company’s success, including as executive director, where he led its portfolio of prime London assets.
Reflecting on his tenure, Williams expressed pride in the achievements made throughout his career.
“It has been a huge privilege to have been part of the Derwent story and to have had the opportunity to lead the business over the last six years,” he added.
“I have many fond memories – of our great achievements, successful deals and, importantly, the many relationships I have made both within the business and across the industry.
“I would like to thank my fellow directors and all the team for their continued hard work and support.”
Williams will remain in his role until a successor is appointed, with the search process already underway.
Chairman Mark Breuer praised Williams’ leadership, noting the company’s strong market position and development pipeline, which will ensure continued success.
He said: “During his distinguished career, including his tenure as chief executive, he has made an outstanding contribution to Derwent London.”
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A real estate investment trust (REIT), Derwent London specialises in the acquisition, development, and management of commercial properties.
The FTSE 250 listed firm’s portfolio includes mixed-use spaces and a small number of residential projects but primarily focuses on office spaces in prime locations across Central London.
Known for its design-led developments, many of which cater to the creative, tech, and media sectors, Derwent London’s investment portfolio spans 5.3 million sq ft and is valued at £5.2 billion as of 30 June 2025.
For the year ended 31 December 2024, Derwent London recorded £276.9 million in gross property and other income, on an operating profit of £156.4 million and a total profit for the year of £115.9 million.
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