TCS ‘exploring opportunities’ at Piccadilly Basin

TOWN Centre Securities today said it was continuing to explore development opportunities in Manchester and Leeds.

The property development and investment group, which is based in Leeds, said it was continuing to look at opportunities at Piccadilly Basin in Manchester and looking at bringing its Whitehall Road site in Leeds forward.

The group has also submitted a detailed planning application for its proposed Waitrose store development at Milngavie outside Glasgow.

Commenting on the period from July 1 to November 14, chairman Edward Ziff said: “We have made further progress during the period including our two acquisitions which provide opportunities for future growth.  

“I am pleased that we have maintained high occupancy levels in a very competitive market place reflecting our investment in major cities. The current economic environment remains uncertain and our view remains cautious.”

The group said its investment portfolio had performed in line with expectations its our car park division had “performed well”. The company has seen net debt increase to £152.9m.