Development Securities has completed the sale of the Oriental City retail scheme in London to a private property investor. The purchase price comes to £68 mln (EUR 95 mln) in cash and loan notes payable on or before 30 June 2008. Development Securities said earlier that it would realise a net gain of £16 mln (EUR 23 mln) from the sale.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
