Development Securities has received planning consent for a string of schemes recently, most of them on the outskirts of London and most dominated by housing, currently the most profitable bit of the property market.
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The latest announcement concerns the redevelopment of Rembrandt House in Watford, which the company bought for £4.25m in January 2011. It plans to refurbish the Edwardian house as office space, but demolish the peripheral industrial estate to make way for housing.
