Quintain Estates and Development are recommending a £700m bid by US private finance company Lone Star to shareholders. Quintain own land around Wembley Stadium and Wembley Arena as well as the London Designer Outlet.
This is how Business Insider reported a dealing frenzy this morning:
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Quintain has planning permission to build 5,500 homes in the area and 835 are currently under construction.
Angus Dodd of Lone Star in a statement said:
It will be interesting to see how Brent Council, Quintain's development partner, get on with the new landowners.
Reuters report HERE
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This is how Business Insider reported a dealing frenzy this morning:
Quintain has planning permission to build 5,500 homes in the area and 835 are currently under construction.
Angus Dodd of Lone Star in a statement said:
The proposed acquisition represents a unique opportunity for Lone Star to gain further exposure to resdiential and commercial assets in London
Wembley Park is one of the largest and most exciting urban renewal projects in Europe and complements our experience in this segmewnt of the market.
We intend to contribute significant additional financial resources to help Quintain in its next phase of growth to accelearte delivery at Wembley Park, building more homes more quickly and continuing the creation of a cohesive and exciting new community.I wonder how many of the new homes will be social housing?
It will be interesting to see how Brent Council, Quintain's development partner, get on with the new landowners.
Reuters report HERE
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