UK property firm Development Securities said on Thursday it had launched a £100.2 mln (EUR 119 mln) rights issue to raise proceeds for capitalising on new opportunities in the property development cycle. The placement comes amid a dearth of available bank financing and will enhance the company's investment portfolio where attractive asset management opportunities exist, the company said in a statement.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
