|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|U And I Group||LSE:UAI||London||Ordinary Share||GB0002668464||ORD 50P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Real Estate Investment & Services||242.3||25.8||17.5||9.4||205.86|
Development Securities Acquires Real Estate in Romford for GBP8.3M
Dow Jones News
LONDON--Development Securities PLC (DSC.LN), a property developer and investor, Thursday announced the 8.3 million pound acquisition of Tollgate House and Market Place in Romford, Greater London, from administrators acting on behalf of Lloyds Banking Group.
-Total acquisition of 104,400 square feet of mixed-use real estate and includes the part-freehold and part-long leasehold of three real estate assets with development potential
-Market Place comprises 44,300 square-foot of retail space, which is 78% let to national and local retailers, and 69 residential apartments.
-A part-built development at Market place will take GBP3.2 million and nine months to complete, and will include 35,200 square feet of further retail space and another 22 residential apartments
-Tollgate House has 8,100 square feet of office space and 2,500 square feet of retail space; the building is 93% let with plans to increase occupancy and enhance income through minor refurbishment works
-The blended initial yield across the assets is currently 8.01% with a weighted average lease length of 13.1 years
-Shares at 0750 GMT up 1 pence, or 0.64%, at 197 pence valuing the company at GBP239.53 million.
Write to Nick Kostov at [email protected]
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