LONDON (Alliance News) - Development Securities PLC Friday said it has acquired a long leasehold interest in a 146,000 square feet office building near Waterloo Station in London for GBP87 million, in partnership with Proprium Capital Partners. Under the new joint venture, the company said Read More

DIRECTOR DEALINGS: Development Securities Chief Acquires Shares

23rd May 2014 11:05

LONDON (Alliance News) - Development Securities PLC Friday said Chief Executive Michael Marx acquired 20,555 shares at a price of 243.50 pence per share Thursday under the company's annual bonus scheme. Following this transaction, Marx holds 571,110 shares, which represents 0.46% stake in t Read More

Development Securities Sells London Building For GBP6.5 Million

19th May 2014 08:29

LONDON (Alliance News) - Development Securities PLC Monday said it had sold Bruges Place, its 16,000 square foot north London office building, in a deal worth GBP6.5 million. The company did not name the buyer. The building at Bruges Place is multi-let, producing total income of GBP17 Read More

UK MORNING BRIEFING: AstraZeneca Depresses FTSE 100 On Bid Rejection

19th May 2014 07:36

LONDON (Alliance News) - UK shares have opened starkly mixed Monday, with the FTSE 100 dragged down by <strong>AstraZeneca</strong>, while the mid-cap FTSE 250 is higher.<br /><br />AstraZeneca, down 13% at the open, rejected a final GBP69 billion takeover proposal from Pfizer Inc, potentially Read More

DIRECTOR DEALINGS: Development Securities Executives Buy Shares

16th May 2014 11:50

LONDON (Alliance News) - Development Securities PLC Friday said Chief Executive Michael Marx bought 21,030 shares at a price of 236.75 pence per share Thursday. Following this transaction, Marx now holds 550,555 shares, which represents 0.45% stake in the firm. The company also said F Read More

Development Securities To Acquire London Regeneration Developer

14th May 2014 09:05

LONDON (Alliance News) - Development Securities PLC Wednesday said it has agreed to acquire Cathedral Group Holdings Ltd for an initial consideration of GBP20.9 million to be settled in cash and shares, with additional deferred and contingent consideration to be paid at a later date under certain Read More

Development Securities Swings To Profit As Portfolio Valued Higher

30th Apr 2014 10:44

LONDON (Alliance News) - Property investors Development Securities PLC Wednesday reported an increase in profit for the full year, after last year's results were affected by revaluation losses. The company posted pretax profit of GBP19.5 million for the period ended February 28, up from GBP Read More

Development Securities Secures Funding For Manchester Development

28th Apr 2014 09:44

LONDON (Alliance News) - Property investor Development Securities PLC Monday said it has secured GBP14.8 million in forward funding from an unnamed client of real estate investment management firm CBRE Global Investors for its development of The Square in Hale Barns, Altrincham, near Manchester.< Read More

Development Securities Sells Retail Portfolio For GBP21.0 Million

23rd Apr 2014 09:01

LONDON (Alliance News) - Development Securities PLC Wednesday said it has sold a portfolio of four retail investment assets for GBP21.0 million, providing a yield of 7.5%. The assets within the portfolio consist of a retail parade on Bexleyheath high street in Kent, a shopping arcade in Car Read More

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