Property firm Development Securities has risen sharply in early trading after announcing progress at its planned Lawley Village regeneration development in Telford.
The group has sold a 1.1 acre site within the village to Sanctuary Group, a care homes provider. Work has already begun on an £8m "Extra Care" scheme on the plot.
The new homes will sit within the wider 8.95 acre master plan.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
At just after the open, Development Securities shares had gained 2.5%. Since the beginning of the year the stock has risen 9.3%.
BS
-
Which UK region has the most in savings? Average savings by areaThe amount people have in their savings differs from region to region in the UK. How does your nest egg compare to those living nearby?
-
Doug and Mary Perkins: Specsavers’ clear-sighted foundersHelped by the deregulation of the sector in the 1980s and brilliant advertising, Mary Perkins and her husband Doug have taken Specsavers to the top of the optometry market
