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Trowers & Hamlins advises Cathedral shareholders on sale to Development Securities

Trowers & Hamlins advises Cathedral shareholders on sale to Development Securities

Trowers & Hamlins acted for the shareholders of specialist mixed-use regeneration developer Cathedral Group (Holdings) Ltd on the sale of Cathedral to Development Securities PLC, the FTSE-listed property developer.       

Richard Upton, Chief Executive of Cathedral, commented:  “Finding a sensitive balance between supporting our excellent relationship with Development Securities and at the same time protecting Cathedral shareholder interests was not easy.  Jennie Gubbins and her team at Trowers & Hamlins found that balance and were instrumental in helping Cathedral successfully close this exciting corporate transaction on time and on budget." 

The Trowers & Hamlins team was led by Senior Partner Jennie Gubbins and the team included Corporate partner Ian Dobinson, Commercial Property partner Sangita Unadkat, and Employment partner Tania Tandon.