Development Securities JV Buys £15.7 Million London Property From NAMA
April 11 2012 - 2:49AM
Dow Jones News
Development Securities PLC (DSC.LN), a property developer and
investor, announced Wednesday that it acquired a vacant residential
building adjacent to London's Olympic Park for GBP15.7 million, in
joint venture with Canadian real estate investor Realstar
Group.
MAIN FACTS:
-Asset bought from Ireland's National Asset Management Agency,
or NAMA
-Senior bank debt was provided by Royal Bank of Scotland Group
PLC (RBS.LN)
-Residential scheme at Wick Lane, Hackney Wick, comprises 112
units over 116,000 sq ft and an additional 12,000 sq ft of
retail/employment space.
-Unoccupied residential apartments will be refurbished and
let
-Shares at 0710 GMT down 1 pence, or 0.9%, at 175 pence valuing
the company at GBP214 million.
-By Ed Ballard, Dow Jones Newswires; 44-20-7842-9375;
ed.ballard@dowjones.com
U And I (LSE:UAI)
Historical Stock Chart
From Apr 2024 to May 2024
U And I (LSE:UAI)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about U And I Group Plc (London Stock Exchange): 0 recent articles
More Dev.Secs. News Articles