1st Feb 2006 12:44
Minerva PLC01 February 2006 For immediate release 1 February 2006 Minerva plc Conditional acquisition of 75-89 Lancaster Gate, London W2 Minerva plc, the FTSE 250 property company, announces today that in a jointventure with Northacre plc, they have exchanged conditional contracts for theacquisition of the share capital of Cambulo Lancaster Gate Development Limitedfor a cash consideration of up to £67.6 million and which is conditionallycontracted to acquire 75-89 Lancaster Gate, London. Commenting on today's announcement, Salmaan Hasan, Chief Executive of Minervaplc said: "75-89 Lancaster Gate will be acquired with vacant possession, presentingMinerva with an attractive residential development opportunity." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NTA.L