The Financial Times LINK is reporting that the US private investment firm Lone Star that acquired Quintain in 2015 LINK is looking to off-load the Wembley developer to reduce its exposure to the London property market ahead of Brexit.
Lone Star acquired Quintain for about £1bn, including debt, in 2015 and the sale may raise more than £3bn.
The change of ownership last time produced accelerated, denser and higher development as well as the switch to the country's largest private 'build to rent scheme.
Who knows what the next owner will do with Wembley and whether the Labour Brent Council will continue its close relationship with them.
A spokesperson for Quintain told Wembley Matters this afternoon:
Lone Star is exploring options to introduce a new strategic investor into the ownership of Quintain. It is likely that any new investor will acquire all or part of Lone Star’s shareholding and make available new long term capital for the next phases of the development of Wembley Park. This process is in its early stages. If a transaction does go ahead, and there is no certainty that one will, it is simply an “equity reshuffle” amongst the top shareholding base and will have no impact on the management team, strategy or day to day running of the company.