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.
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At just after the open, Development Securities shares had gained 2.5%. Since the beginning of the year the stock has risen 9.3%.
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