Property-firm Development Securities has completed a deal to grab the so-called 'Chrome Portfolio' from NAMA - the body tasked with flogging the assets of the state owned Irish banks.
The £103m deal, in which Development Securities is a minority partner with Pears Group, will see the two firms acquire several central London properties, worth around £65m.
The remainder of the portfolio includes several neighbourhood retail schemes "anchored" by Tesco convenience stores.
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Development Securities is becoming a regular customer for NAMA having already picked up the Wick Lane Wharf development in Hackney Wick in April.
BS
