LONDON-Development Securities PLC has acquired a portfolio ofloans acquired against 39 assets for GBP 103 million from NAMA. Theapproximately 65% of the Chrome portfolio includes residentialproperties that are mostly located in Central London and theremainder of the portfolio comprises neighborhood retail centersanchored Tesco as well as further residential, commercial andretail assets.
Development Securities has acquired the Chrome portfolio in ajoint-venture partnership with the Pears Group. For the fullstory, go to Europe Real Estate .
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