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US private equity group Lone Star has withdrawn its UK residential property company Quintain from sale, aborting what would have been a record transaction for the country’s rented housing sector.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.
US private equity group Lone Star has withdrawn its UK residential property company Quintain from sale, aborting what would have been a record transaction for the country’s rented housing sector.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.