Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUAI.L Regulatory News (UAI)

  • There is currently no data for UAI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Option agreement at Southwark development site

3 Oct 2013 07:00

RNS Number : 5306P
Development Securities PLC
03 October 2013
 



2nd October 2013

 

Development Securities secures option agreement on site next to Southwark underground station for office-led development project

Development Securities today announces that it has secured an option agreement on Algarve House, a vacant, derelict office building on The Cut adjacent to Southwark underground station for £8.0 million for the development of an office-led regeneration project. The option agreement will be paid in phases over the next 18 months with an initial payment of £2.3 million having been made.

Algarve House is in a prominent location in Southwark, a significant growth area of London which is well connected and shows strong demand for prime office development. Development Securities is exploring options to secure additional land to maximise the development potential of the site. The masterplan for the site is currently being developed and a planning application is expected to be submitted in Q3 2014.

The development at Southwark will add to the Company's track record of office-led regeneration schemes, having recently completed the first of two prime office buildings in Hammersmith, another established and well-connected office location on the fringe of Central London which has seen a shortage of new office supply in the past ten years.

Julian Barwick said: "We see Southwark as a strong market for office development and the site is extremely well positioned being adjacent to Southwark underground and close to Waterloo. Our proposals for the site draw on our expertise in taking derelict or otherwise redundant land and creating value through a process of regeneration."

 

For further information, please contact:

Lucy Grimble/Marcus Shepherd, Development Securities

020 7828 4777

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRBGBDGLGGBGXD
Date   Source Headline
1st May 20187:00 amRNSTotal Voting Rights
27th Apr 20183:46 pmRNSHolding(s) in Company
26th Apr 20187:05 amRNSDisposal of Charlton Riverside for ?58 million
26th Apr 20187:00 amRNSResults for the year ended 28 February 2018
19th Apr 201810:37 amRNSHolding(s) in Company
10th Apr 20183:13 pmRNSBlock listing Interim Review
9th Apr 20181:57 pmRNSHolding(s) in Company
21st Mar 20188:10 amRNSU+I realises £2m gains from sale of Machine Store
14th Mar 20187:00 amRNSU+I disposes of Waitrose Store in Ringwood
13th Mar 20187:00 amRNSAppointment of Joint Corporate Broker
1st Mar 20184:12 pmRNSTotal Voting Rights
1st Mar 20187:00 amRNSTrading Update
28th Feb 20187:00 amRNSU+I realises gains at Mill Green, Cannock
26th Feb 20187:00 amRNSU+I goes unconditional at Preston Barracks
13th Feb 20189:41 amRNSDirector/PDMR Shareholding
12th Feb 20187:00 amRNSSale of 12 Hammersmith Grove
5th Feb 20184:12 pmRNSDirector/PDMR Shareholding
5th Feb 20182:35 pmRNSDirector/PDMR Shareholding
1st Feb 20187:00 amRNSU+I sells Thatcham shopping centre for £16.1m
22nd Jan 20187:00 amRNSNotice of Preliminary Results
19th Jan 20183:32 pmRNSDirector/PDMR Shareholding
22nd Dec 20177:00 amRNSU+I lets 94% of 12 Hammersmith Grove
20th Dec 20172:21 pmRNSU+I successfully completes sale of Blackhorse Road
15th Dec 201710:22 amRNSDirector/PDMR Shareholding AMENDMENT TO RNS 4984Z
15th Dec 201710:08 amRNSDirector/PDMR Shareholding
15th Dec 20177:00 amRNSBlock listing Interim Review
13th Dec 20173:08 pmRNSDirector/PDMR Shareholding
6th Dec 20177:00 amRNSU+I signs joint venture
5th Dec 20174:48 pmRNSHolding(s) in Company
23rd Nov 201712:15 pmRNSBlock listing Interim Review
23rd Nov 201712:12 pmRNSDirector/PDMR Shareholding
17th Nov 201712:28 pmRNSHolding(s) in Company
13th Nov 20177:00 amRNS£6.7m of gains realised
18th Oct 20177:00 amRNSInterim Results
9th Oct 201711:29 amRNSBlock listing Interim Review
20th Sep 20177:00 amRNSNotice of interim results for H1 2018
15th Sep 201710:12 amRNSHolding(s) in Company
15th Sep 20179:53 amRNSHolding(s) in Company
13th Sep 20177:00 amRNS£4.9m profit from projects in Maidstone & Kent
29th Aug 20179:43 amRNSU+I lets 30% of 12 Hammersmith Grove to WeWork
21st Aug 201710:23 amRNSHolding(s) in Company
7th Aug 20177:00 amRNSForward-funding secured for Circus Street,Brighton
11th Jul 20172:06 pmRNSResult of AGM
11th Jul 201710:00 amRNSDirectorate Change
3rd Jul 201712:21 pmRNSDirector Declaration
19th Jun 201711:18 amRNSBlock listing Interim Review
31st May 20177:00 amRNSDirector/PDMR Shareholding
25th May 20177:00 amRNSAnnual Financial Report
24th May 20177:00 amRNSBlock listing Interim Review
19th May 201711:01 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.