Economic Downturn Impact Risk: A significant slowdown or recession in the UK economy, particularly London, could reduce demand for office space, increase vacancy rates, and depress rental growth.

Interest Rate Volatility Risk: Rising interest rates increase the cost of borrowing for Derwent London, impacting profitability and potentially leading to a revaluation of property assets downwards.

Property Valuation Decline Risk: A general weakening of the London commercial property market, or specific issues within its sub-markets, could lead to a decrease in the value of its investment properties.