RNS Number:3859K
Minerva PLC
25 April 2003



Minerva gets go-ahead for Park Place shopping centre development


Minerva is very pleased with the decision today by the Secretary of State not to
call-in the planning application for one of the UK's largest town centre
shopping developments at Park Place in Croydon.  This 1 million square foot
development will include 103 shops, 13 large stores, 17 restaurants and a
flagship department store opening onto a new town square.


Andrew Rosenfeld, Chief Executive of Minerva plc, said:


"We welcome the decision by the Government to effectively approve the
development of Park Place and we are looking forward to making a major
contribution to Croydon's regeneration and to London's economy through this
#500m shopping centre development.    Park Place will be one of London's largest
urban regeneration projects and will elevate Croydon to one of the top retail
destinations in the UK.  "


For further information, please contact Ian Lindsley on 020 7630 3833 or 07887
681561.






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