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Minerva, the London-based property developer, has recommended a £202m takeover offer from a consortium led by Delancey and Area Property Partners.
Minerva, the London-based property developer, is in negotiations to be acquired by Limitless of Dubai for £260m.
Minerva is seeking planning permission for a 36-storey office development in the City of London.
Minerva is planning to build a £700m shopping centre in Croydon, including 110 shops, an Allders department store and the creation of 2,000 jobs.