Minerva signs conditional contracts for acquisition of 75-89 Lancaster Gate, London W2 (UK)

Minerva plc, the FTSE 250 property company, announces today that in a joint venture with Northacre plc, they have exchanged conditional contracts for the acquisition of the share capital of Cambulo Lancaster Gate Development Limited for a cash consideration of up to 67.6 million and which is conditionally contracted to acquire 75-89 Lancaster Gate, London.

Commenting on todays announcement, Salmaan Hasan, Chief Executive of Minerva plc said: 75-89 Lancaster Gate will be acquired with vacant possession, presenting Minerva with an attractive residential development opportunity.

Source: Minerva

Related News