Dev Secs makes £41m disposals

Development Securities yesterday sold off a residential and two retail sites at Westminster Palace Gardens, Central London, the Wick Site in Littlehampton, and a retail park in Burnley for £40.9m. The Wick site was pre-sold to supermarket Morrisons for £12.5m, which plans to develop a 47,500 square feet store, a petrol station and a car park. Westminster Palace Gardens, a Grade II-listed residential block central London, was sold for £20.6m, while Burnley was sold for £6.5m.