UAI.L Regulatory News (UAI)

2 Nov 2007 16:02

Development Securities PLC02 November 2007 DEVELOPMENT SECURITIES PLC CONSENT FOR HAMMERSMITH TOWN CENTRE REDEVELOPMENT 2 November 2007 Hammersmith & Fulham Council this week (31 October 2007) resolved to grantconsent for a major town centre office led urban re-development at HammersmithGrove, adjacent to the Hammersmith & City Line station located north of theBroadway. The site, owned by Transport for London, and currently used as a surface carpark, will be transformed under the proposed scheme into a ten storey officedevelopment undertaken by Development Securities PLC in conjunction with theirfunding partners Royal London and National Bank of Dubai. The regeneration scheme, designed by Hamiltons Architects, includes 325,000 sqft offices, a 20,000 sq ft Everyman multi-screen cinema, and 15,000 sq ft ofhigh quality restaurants. The development will also provide a significant new area of public open spacewhich will link across Beadon Road to Lyric Square. The landmark design willincorporate best practice for environmental sustainability to meet current andfuture requirements. Simon Hesketh, of Development Securities PLC, commented: "We are delighted to be bringing forward this £250m investment into the borough,which will regenerate this important site, create employment and add welcometown centre uses to reinforce Lyric Square." Ends Further Enquiries to: Simon Hesketh Development Securities PLC Tel: 0207 828 4777 Naomi Galt, FD Tamesis Tel: 0207 269 9351 This information is provided by RNS The company news service from the London Stock Exchange