Profile: Development Securities PLC (DSC.L)

Development Securities PLC is a holding company. The Company is engaged in property development, investment and trading. It operates in three segments: Investment, Development and trading and Operating. Its Investment segment is engaged in the management of its investment property portfolio, generating rental income and valuation surpluses from property management. Its Development and Trading segment is engaged in managing its development and trading projects. Its Operating segment services office operations. In July 2012, it , in partnership with Cathedral Group plc, acquired 2.2-acre site in 2.2-acre site and disposed of its interest in residential land element. In August 2012, the Company disposed of its interest in the residential and retail components at Westminster Palace Gardens, Central London, the Wick Site in Littlehampton, and a retail park in Burnley. In August 2012, it acquired from NAMA of a portfolio of loans secured against 39 investment and development assets.