The challenge for a development business such
as ours is to provide a sustainable business model through the vagaries
of the property and business cycles. This requires combining short-term
development gains with a long pipeline of multi-phase projects.
Development Securities has assembled a significant portfolio of large-scale
development projects that offer the prospect of opportunity and reward spanning,
in a number of cases, an extended period. Many of our projects are multi-phased
and have stretched, or are likely to stretch, over a number of property
and economic cycles, giving us an unusual degree of visibility of future
earnings.
However, we also seek to identify smaller, individual and self-contained
developments and when these are overlaid on the larger-scale, multi-phased
schemes, it is our view that a more sustainable business model emerges.
Our development pipeline
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West Quay III, Southampton
Planning was granted in 2007 for a 150,000 sq. ft. headquarters office building, pre-let to Carnival
UK, at West Quay III, Southampton.
