Development Securities issued a trading statement this week in which they confirmed they were still awaiting payment from Peter Virdee for the outstanding 76% of the payment for Oriental City.
They have already received a non-refundable deposit of 24% of the £52m fee agreed for the project they call 399 Edgware Road. THe balance falls due on November 28. The deadline had already been extended twice.
See previous lookwest coverage.
