LONDON-Development Securities PLC has purchased properties in Abbey Wood and Ilford from LPA Receivers for a total amount of GBP 8 million. The company has plans to redevelop the properties into a mixed-use project.
Development Securities acquired the Abbey Wood property, a 3.67-acre industrial site on South East London, along with Berkshire Investment Capital for GBP 2.75 million and the Ilford property, which contains 54,686 square feet of office, along with London & Continental Investments for GBP 5.3 million. For the full story, go to PropertyMall .
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