PropertyEU

Valad takes over Scarborough in EUR 1.3 bn deal

By A staff reporter 2007-06-25T00:00:00

Australian-listed developer Valad Property Group has said it is to acquire UK's Scarborough from its founder Kevin McCabe, in a transaction worth £865 mln (EUR 1.28 bn). Valad's founder and chairman, Stephen Day, said the purchase represents the 'next step in Valad's stated strategy to establish European and Australasian platforms ...

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