Financial Times FT.com

MGPA poised for £90m land deal

By Daniel Thomas, Property Correspondent

Published: October 29 2009 00:03 | Last updated: October 29 2009 00:03

MGPA, the Macquarie-backed private equity group, is set to buy a £90m ($148m) residential land company owned by Clerical Medical.

MGPA is in final talks to buy Land Improvement Holdings, a 156-year company that owns swathes of development land in the UK.

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