Business Summary
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Development Securities PLC is a holding company. It is engaged in property development, investment and trading. It operates in three segments: Investment, Trading and development, 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 Trading and development segment is engaged in managing its development projects. Its Operating segment services office operations and retail activities. Its subsidiaries include Development Securities Estates PLC, Development Securities (Investments) PLC, DS Jersey (No. 1) Limited and DS Jersey (No. 7) Limited. In July 2009, it acquired five investment properties. In December 2009, it acquired a development site in Slough. During the year ended December 31, 2009, it acquired 25% interest in Barwood Land and Estates Limited. In January and February 2010, it acquired investment properties at Crewe, Belsize Park and Nottingham.
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