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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Saturday, September 27, 2008

Minerva Plc Bid Abandoned by Dubai Government

Minerva Plunges After Dubai Drops Bid for Developer (Update2)
Bloomberg
Sept. 26 (Bloomberg) -- Minerva Plc , the unprofitable developer of two of London's largest office projects, fell by a record after the Dubai government's property-investment unit withdrew a 258 million-pound ($474 million) offer.

Dubai Withdraws Bid for Minerva After Failing to Get Backers
Bloomberg
Sept. 26 (Bloomberg) -- The Dubai government's property- investment unit abandoned a bid of 258 million pounds ($456 million) for Minerva Plc after failing to get its backers to support the offer. Minerva shares fell as much as 33 percent.

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