DoS property contract imminent
Thursday 24 July 1997
In exchange for a down-payment likely to be around pounds 250m, the winning consortium will in effect take over the department's property needs for the next 20 years. Harriet Harman, the Social Security Secretary, will announce the victor from two rival bidders: PPM Property Management, led by Goldmans Sachs and including the AMEC building group and surveyors Richard Ellis; and the Mapeley Consortium, headed by Nations Bank of the US and including the Japanese-owned Daiwa Europe and Warburg Pincus, a big US venture capital group.
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