Quintain, the developer behind the redevelopment of Wembley, has received a £700m acquisition offer from private equity house Lone Star. Shares in Quintain Estates and Development, which owns 85 acres of land surrounding London’s Wembley Arena and Stadium, jumped 25% to 131.50p on Wednesday morning after its board unanimously recommended the takeover offer from the US-based firm. Today shares opened at 131p.
Real Estate Advisory
Quintain Estates and Development Shares Jump 25%
31st July 2015