Minerva, the UK listed property investment and development company, has announced its arrangement with Lend Lease Europe on the Park Place shopping centre development in Croydon will end on 17 April. Under the agreement signed in 2005, Lend Lease was responsible for development and asset management of the 90,000 m[sup]2[/sup] scheme, one of the largest shopping centre developments in the UK. It was conditionally agreed Lend Lease Europe, the European arm of the Australian property company, would acquire a 50% interest in Park Place.
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