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Minerva PLC (MNR)

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Thursday 03 August, 2006

Minerva PLC


Minerva PLC
03 August 2006

3rd August 2006


Acquisition of the Ram Brewery and 20-30 Buckhold Road, Wandsworth, SW18

Minerva plc, the FTSE 250 real estate company, announces today that it has
exchanged contracts to acquire The Ram Brewery site and 20-30 Buckhold Road in
Wandsworth, London SW18 for a cash consideration of £69 million.

Vacant possession will be given by the vendor, Youngs & Co's Brewery plc
("Youngs"), and the consideration for the acquisition will be paid as follows:

-    An immediate deposit of £14 million;
-    £8.5 million payable in June 2007, on completion of the
     sale of 20-30 Buckhold Road site; and
-    £46.5 million payable in January 2008, on completion of
     the sale of the Ram Brewery site.

In addition, agreements have been entered into giving Youngs a right of first
refusal on 20,000 sq. ft. of offices at 20-30 Buckhold Road and units in the 
completed scheme to be used as licensed premises.

Commenting on today's announcement, Salmaan Hasan, Chief Executive of Minerva
plc said:

"This significant acquisition presents the Group with an exciting development
opportunity, utilising our own core skills and expertise. We look forward to
working with key stakeholders to explore the opportunities prevailing from such
a strategic location ."


Brunswick Group LLP
Michaela Hopkins                          020 7404 5959

                      This information is provided by RNS
            The company news service from the London Stock Exchange