Minerva plc is a London-based British developer and

property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...

company co-founded by Sir

David Garrard David Douglas Garrard (born February 14, 1978) is a former American football quarterback who played in the National Football League (NFL) for 10 seasons, primarily with the Jacksonville Jaguars. He played college football at East Carolina and wa ...

and

Andrew Rosenfeld Andrew Ian Rosenfeld (27 April 1962 – 8 February 2015) was a British businessman who was co-founder, chief executive, and chairman of Minerva plc. He volunteered for a number of charitable organisations and was a major donor to the Labour P ...

. Garrard and Rosenfeld took the company public in 1996 and subsequently left the business. Minerva returned to private ownership in 2011, on being acquired in a joint venture by clients of Delancey and

Ares Management Ares Management Corporation is an American global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997 and is headquartered in Los Angeles, California, with additional of ...

Projects

Minerva has delivered various major projects, such as The Walbrook and the St Botolph Building, and has attempted some internationally significant projects including the rejected Minerva Building in the

City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London fr ...

Controversies

The Minerva Building and Minerva's planned Park Place shopping and office development and its previous ownership of the

Allders Allders was an independent department store operating in the United Kingdom. The original store was established in 1862 in Croydon by Joshua Allder. In the second half of the 20th century, this parent store was developed into a chain of depart ...

chain of department stores, both in

Croydon Croydon is a large town in south London, England, south of Charing Cross. Part of the London Borough of Croydon, a local government district of Greater London. It is one of the largest commercial districts in Greater London, with an extensi ...

, came under scrutiny amidst the 2006

Cash for Peerages The Cash-for-Honours scandal (also known as Cash for Peerages, Loans for Lordships, Loans for Honours or Loans for Peerages) was a political scandal in the United Kingdom in 2006 and 2007 concerning the connection between political donations an ...

political scandal, when it emerged that the

Labour Labour or labor may refer to: * Childbirth, the delivery of a baby * Labour (human activity), or work ** Manual labour, physical work ** Wage labour, a socioeconomic relationship between a worker and an employer ** Organized labour and the labour ...

government had chosen not to intervene over the Minerva Building and Park Place planning decisions or the state of Allders' pension fund shortly after both Garrard and Rosenfeld had made major loans and donations to the Labour Party.

References

External links

* Property companies of the United Kingdom Companies based in London {{England-company-stub