Wednesday 12 September 2018

Quintain no longer for sale

The Financial Times is reporting that Lone Star has removed Quintain, the developer of Wembley Park,  from the market:

US private equity group Lone Star has withdrawn its UK residential property company Quintain from sale, aborting what would have been a record transaction for the country’s rented housing sector. Lone Star had been seeking more than £2.2bn for Quintain — which owns one of London’s largest urban regeneration sites at Wembley Park — but had failed to reach an agreement on price with any bidder.

1 comment:

Anonymous said...

Probably because the price is over inflated, and not sustainable.