Development Securities positive
13 April 2012
DEVELOPMENT Securities, the company behind the Paddington Central project, today said confidence was returning to the office rental market.
It also argued the case for the proposed Crossrail train service, saying it would improve the London property market.
Full-year pre-tax profits fell to £1.2m from £10m but the £125m investment portfolio had a total return of 16.9% against a market average of 10.7%.
