DSC Dev.Secs.

234.25

0.00 (0.00%)

07 Jun 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Dev.Secs.	LSE:DSC	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
	0.00	0.00%	234.25						0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Sale

19/12/2005 7:03am

RNS Non-Regulatory


Development Securities PLC
19 December 2005



  Development Securities announces sale of Unit P at Southampton International
                                 Business Park


Development Securities PLC announced today that it has sold Unit P at
Southampton International Business Park to an in-house investor of Egan Lawson
for #5.713 million. The price reflects a net initial yield of 6%, generating a
net surplus of approximately #1.1 million over the current book value.

The office building, which comprises 25,000 sq ft over two floors, was acquired
by Development Securities in 2002 at a cost of #3.65 million. Located next to
the Southampton International Airport, it is let to Regus until May 2016.

Griffiths Eccles acted for Development Securities.


Enquiries:

Matthew Weiner
Development Securities 020 7828 4777

Alison Howard
The Communication Group plc 020 7630 1411


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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