Developer increases gains on its property portfolio

Paramount development in Kent

Development Securities has reduced its half year loss to 拢0.7m for the six months to 31st August 2012, from 拢1.3m for the period the previous year.

The developer behind and the recently unveiled 拢2bn in Kent did not announce any changes in its development plans.

The company said it was optimistic about its strategy of realising gains from its property profolio and was pleased with a gain of 拢11.9m from its development and trading portfolio over the period 鈥� an increase on gains of 拢8.6m made in the previous six months.

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