LONDON, October 22, 2013 /PRNewswire/ --
Development Securities, the property company, raised its guidance and said the outlook for the business had improved after reporting a £6m increase in NAV for the first half.
"We are seeing values rise on the schemes on which we are working," Michael Marx, CEO, said. "We are seeing ourselves able to secure new opportunities even though the market has become quite competitive. And we are seeing the benefit of three of four years of intense hard work building brand and connections and track record."
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SOURCE Development Securities