Wednesday, 10 August 2011

Riots and financial turmoil just short-term issue say Quintain

Reuters report that Quintain, developers of the regeneration site around Wembley Stadium are unfazed by the riots:
Quintain Estates, the urban regeneration specialist behind Wembley City in north London, said rioting in the capital over recent days will not damage the city's long-term appeal

The company, which is also developing part of the Greenwich peninsula on the river Thames, said sentiment would only be affected in the short-term by the rioting and current financial market turmoil.

"I firmly believe over the long-term London prospects remain robust," Chief Executive Adrian Wyatt said in a statement today..

In June the company said it had sold land and development contracts to Keystone Partners for a 660-bedroom student accommodation building at Wembley City for £53m..

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