News

Delancey explores options for 60% db symmetry stake

By 2018-04-27T00:01:00

Symmetry Park, Swindon

Investor mulling bringing in partner to provide capital injection or selling its stake in industrial developer.

The investor, which owns 60% of the company, with Barwood Developments owning the remaining 40%, is thought to have appointed CBRE to review its options.

Sources suggest the most likely outcome would be for Delancey to bring an investment partner on board, providing a capital injection to develop db symmetry’s 2,650-acre land bank. However, a sale of either its 60% stake or the whole platform have not been ruled out.

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