A consortium led by Delancey, the investment group run by Jamie Ritblat and Area Property have offered to acquire London property developer, Minerva, Financial Times reports. The consortium made a £194 million cash offer for the developer of the Walbrook building in London.
The consortium’s possible takeover offer came through a special bid vehicle, called Jupiter Properties 2011 U.K. Goldman Sachs’ Whitehall funds and private equity group, Apollo Management, had also shown interest in Minerva.
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