Thursday 30 June 2011

Minerva deal sees Jamie Ritblat follow in father's property footsteps - Telegraph

Minerva deal sees Jamie Ritblat follow in father's property footsteps - Telegraph

The deal for the listed property company represents one of the highest-profile moves by Jamie Ritblat, son of former British Land chief executive Sir John Ritblat, since forming Delancey in 1995.

Alongside the Minerva transaction, Mr Ritblat is attempting to acquire the Olympic Village in Stratford for use after the 2012 Games, and complete an audacious takeover of City office Plantation Place, which was developed by his father at British Land but is now in the hands of bondholders.

Armed with £1bn of equity, billions of pounds of debt, and backing from sovereign wealth funds, Mr Ritblat is emerging ....

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