UK property developer Development Securities has said it is in discussions to buy a number of assets from the National Asset Management Agency (NAMA).
"Development Securities confirms that it is in discussions with NAMA regarding the potential acquisition of a number of different assets. However, it is not in a position to comment on these discussions at this juncture," the company said in a statement.
British trade magazine Property Week reported today that Development Securities and property owner Pears Group had teamed up to buy a portfolio of 38 development and investment assets for over £100m.
The magazine said the "Chrome" portfolio, which was owned by developer Gerry Gannon, included residential blocks in London's Victoria, Covent Garden and Chelsea districts.
