London-listed Development Securities is acquiring Cathedral Group, a privately owned specialist in mixed-use regeneration development in Greater London and Southeast England.
London-listed Development Securities is acquiring Cathedral Group, a privately owned specialist in mixed-use regeneration development in Greater London and Southeast England.
The total price, based on an initial consideration and a later performance-based supplement, is expected to be up to £27 mln (€33 mln)
The acquisition will add nine mixed-use development projects to Development Securities’ existing portfolio, supporting the company’s focus on creating value through regeneration.
Development Securities has delivered over 370,000 m2 of regeneration and development projects across the UK, with a pipeline of projects totalling 420,000 m2.
