Property Week reports that the developer Minerva has received a £258M cash offer from Dubai property company, Limitless.
As I noted back in May, this bid may well affect the much delayed plans for Park Place.
The original plan was for work on Park Place to start in spring this year, with completion expected in 2012.
Croydon council now claim that it does not expect to receive a new planning application from developer Minerva until October or November this year.
1 comment:
Yep, that would be a great deal. The property market dives, so this Dubai based investor simply demands a 10 year wait (its a big piece of land and why not?).
SO, Minerva then chuck all the tenants out and board up the site (from the Town Hall to the Whitgift Centre) saving themselves a fortune in rates to boot!
I know it sounds far fetched, but this is Croydon we are talking about...
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