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LONDON-Wates Group has sold the option for 10 St Bride Street in Blackfriars, near the City of London, to Development Securities, for an undisclosed sum. It is just a few yards from DevSec’s 106,000-sf development at Black Friars Court.

The St Bride Street building is vacant, and has planning consent for a new development including 53,000-sf of office space and 2,900-sf of restaurant space.

Julian Barwick, Joint Managing Director, Development Securities commented: ‘In time, we expect to build a high quality development on this site. This deal extends the potential for our medium term development programme in London, which also includes the Royal Docks and PaddingtonCentral.’

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