Dev Secs seeks resi partner

Listed property developer Development Securities is seeking a partner to help develop five sites it owns in greater London, with the potential to build more than 700 homes for rent.

A report in Property Week says Dev Secs has hired agent Jones Lang LaSalle to look for a partner, which could help develop, then manage, the homes. The sites include one in Romford, another on Edgware Road, north London where permission has been granted for 183 homes, and Valentines House in Ilford, where one option is a mixed use redevelopment to include 110 homes.

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