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Development Securities doubles profits to £4.6m

Development Securities doubled full-year pre-tax profits from £2.2m to £4.6m. Turnover slipped to £21m against £21.6m last time. Lord Gowrie, chairman, said the 41,805 sq m (450,000 sq ft) development at Milton & Shire Houses, London was not completed and fully let. He said the 18,580 sq m (200,000 sq ft) development at One Curzon Street, Mayfair, was “progressing well”.

  • Financial Times 09/04/97 page 35
  • The Times 09/04/97 page 30

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