DevSec await Virdee

Oriental city 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.

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