Development Securities has obtained a Resolution to grant planning for residential use at the site it bought in Watford, North London, known as Rembrandt House, which comprises the four-storey brick-built factory building from 1905 which used to house a poster printing business called Rembrandt Photogravure, and other single storey office and industrial buildings on the 3.4 acre site.

Acquired last January for £4.25 million, the consent will be for the demolition of the existing single storey buildings and the erection of 107 new houses and apartments, whilst Rembrandt House itself will be refurbished as offices. The property is located on Whippendell Road. Watford Mainline and Underground Stations are a 5 minute walk from the property.