LONDON (Alliance News) - Development Securities PLC Thursday said it had exchange contracts to acquire The Mall Shopping Centre in Armagh, Northern Ireland for GBP7.4 million. The covered shopping centre was built in 1998 and is anchored by a 49,000 square foot Sainsbury's foodstore with a Read More
LONDON (Alliance News) - Development Securities PLC Wednesday said it has sold a mixed-use site in Watford to an unnamed housebuilder and the Chorlton Cross Shopping Centre in Chorlton-cum-Hardy to the Greater Manchester Property Venture Fund for a combined GBP15.7 million. In a joint ventu Read More
LONDON (Alliance News) - Development Securities PLC Tuesday said it has formed a partnership with Bristol-based property business Deeley Freed, providing medium-term finance of GBP8.5 million to enable the firm to bring forward the delivery of its existing pipeline of development projects. Read More
LONDON (Alliance News) - Development Securities PLC said Monday that it had entered into a joint venture with Harwell Oxford Partners to develop the Harwell Oxford Science Campus. The company acquired a 50% interest in a limited partnership with two government backed bodies, the Science and Read More
LONDON (Alliance News) - Weak leads from the US and Asia have combined with continued tensions in the Ukraine to depress UK shares at the open Monday.<br /><br />Among UK corporate news at the start of the week, <strong>Kentz</strong> said it has been awarded a USD570 million services contract Read More
LONDON (Alliance News) - Development Securities PLC Friday said it has restructured its EUR47 million floating rate loan notes and associated hedging and cash collateralisation arrangements, in a move the company says has freed up millions for investment. The restructure has reduced the mat Read More
LONDON (Alliance News) - Development Securities PLC Thursday said SWIP Property Trust will commit GBP92.0 million to forward-fund 12 Hammersmith Grove, the second and final phase of a 375,000 square foot office-led regeneration scheme in the centre of Hammersmith, London. Development Securi Read More
LONDON (Alliance News) - Development Securities PLC Thursday said it has sold Weeke Local Centre in Winchester to AMEC Staff Pensions Trust Ltd in a deal worth GBP23.3 million, at a 4.9% yield. The sale was GBP1.4 million above its book value as of the end of February last year. The s Read More
LONDON (Alliance News) - Shares have opened lower Thursday following a weak close in NY on Wednesday.<br /><br /><strong>Babcock International</strong> is leading the FTSE 100 lower after announcing a GBP1.10 billion rights issue to fund the GBP920 million acquisition of helicopter firm Avinci Read More
LONDON (Alliance News) - Development Securities PLC Monday said it has secured GBP44.1 million in funding from Pramerica Real Estate Investors for its regeneration scheme at the Shepherd's Bush market in west London. The six-acre site has outline planning consent for a GBP150 million mixed- Read More
LONDON (Alliance News) - Development Securities PLC Thursday said Executive Director Matthew Weiner acquired 9,844 shares under the company share plan at a price of 262 pence per share Wednesday. Following this transaction, Weiner holds 88,847 shares, which represents 0.72% stake in the fir Read More
LONDON (Alliance News) - Development Securities PLC Thursday said it has bought the Royal York Buildings in Brighton for GBP4.5 million from an administrator acting on behalf of an unnamed bank, which it will convert into a youth hostel. The Grade II listed Royal York Buildings are vacant a Read More
LONDON (Alliance News) - Development Securities PLC Tuesday said it has acquired a portfolio of five office properties in North London for GBP17.5 million from an unnamed firm, financed in part by a new three-year facility from Barclays PLC. The properties are located in King's Cross, Camde Read More
LONDON (Alliance News) - Development Securities PLC Monday said media firm UKTV has signed a 15-year lease at 10 Hammersmith Grove to occupy the fourth and fifth floors of the building, representing 32,500 square feet of space. Forward-funded by the SWIP Property Trust for GBP50 million, 10 Read More
LONDON (Alliance News) - Development Securities PLC Monday said it has secured GBP38.1 million in funding from Canada Life for its mixed-use development in Abbey Wood, southeast London, with joint venture partner Berkshire Investment Capital. The funding for Cross Quarter, at an interest ra Read More