Quintain is a British-based property investment and development business, which operates through Urban Regeneration, focussed on schemes in Wembley Park and Asset Management, with headquarters in London.

History

The business was founded by Adrian Wyatt and Christopher Walls in 1992, and first listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

in 1996. It acquired Fiscal Properties plc and Croydon Land & Estates Limited in 1997, English & Overseas Properties plc and Chesterfield Properties Limited in 1999, and Wembley (London) Limited, owners of the land around the

stadium A stadium ( : stadiums or stadia) is a place or venue for (mostly) outdoor sports, concerts, or other events and consists of a field or stage either partly or completely surrounded by a tiered structure designed to allow spectators to stand o ...

Wembley Wembley () is a large suburbIn British English, "suburb" often refers to the secondary urban centres of a city. Wembley is not a suburb in the American sense, i.e. a single-family residential area outside of the city itself. in north-west Londo ...

, north London, in 2002. At one stage, property investor

Paul Kemsley Paul Zeital Kemsley (born 17 August 1967) is an English businessman, property developer and media personality. Since 2016, he has regularly appeared on the American reality television show ''The Real Housewives of Beverly Hills'', alongside his ...

invested heavily in the company. He then sold his shares to

HBOS HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Bank ...

, which tried unsuccessfully to take over the company. In February 2012 the company acquired Grafton Advisers, a property management business focused on West End commercial assets, which took the level of assets under management to £2.3bn. Adrian Wyatt handed over to Maxwell James as CEO in May 2012. At Wembley Park 500 homes were built and occupied, and Wembley Arena was renovated and re-opened. A 661-bedroom student scheme and 381-bedroom Hilton Hotel were built. The London Designer Outlet (LDO) opened in autumn 2013. In July 2015, Quintain accepted a £700 million offer from

Lone Star Funds Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is an American private equity firm that invests in distressed assets in the U.S., Canada and internationally. The founder of Lone Star established its first fund in 1 ...

. However, the deal had only been approved by 71.7% of the shareholders - short of the 75% required for the deal to go through. Activist hedge fund, Elliot Associates LP, took control of 12.9% of voting rights for Quintain. As a result of the pressure put on by the activist hedge fund, Lone Star Funds increased the buyout offer to £745 million. This represents a bid that is 10 pence higher than the previous. One of the intriguing parts of the buyout lies in Quintain's preapproval to build 5,000 houses surrounding Wembley Stadium - home to England's soccer team. Quintain has approval to build 8,500 new homes near England's national football stadium at Wembley and Lone Star plans to accelerate the construction at the project after its bid is accepted. In 2016, Quintain launched Tipi to manage all 6,000 of the Build to Rent apartments for rent at Wembley Park. In 2020 Tipi was re-branded t
Quintain Living

References

External links

Official website

Quintain Living

Wembley Park
{{DEFAULTSORT:Quintain Estates And Development Real estate companies established in 1992 Property companies based in London Wembley Stadium and Wembley Arena