Haystack
- 06 Nov 2003 14:35
- 2 of 72
QED now rising again. This may have helped: -
LSE opening - UBS lifts ratings on UK housebuilders. QED are planning to build 'thousands of new homes' around the new Wembley complex. See announcement in post above.
dannycarswell
- 06 Nov 2003 15:36
- 3 of 72
sounds promising haystack, will keep a close eye on the breaking through of current resistance.
Haystack
- 06 Nov 2003 15:56
- 4 of 72
It is now above resistance. The historic chart above is wrong. I suspect that the current day in the historic is a delayed price. Just compare with the intra day below.
dannycarswell
- 06 Nov 2003 16:43
- 5 of 72
fair call. will do a little research in morn. of home now. good luck to those holding. on a different note how is the computer picked stocks performing??
Haystack
- 06 Nov 2003 17:03
- 6 of 72
Not bad. It has its moments. On a good day in the market it can pick some very good risers. It hasn't picked much of late as the markets are all over the place. It needs a bit of pattern to use.
Haystack
- 08 Nov 2003 13:21
- 7 of 72
There is something going on with this stock. The volume on Friday was made up almost entirley by a 470k 'X' (cross at the same price) trade. It was a similar pattern on Tuesday when the 1.3M volume was mainly made up of four large trades with at least one them being an 'X'. This stock does not normally do very high volumes day to day and had risen sharply in the past when volumes have spiked as they have this week. It could be an institution buying a stake or two institutions swapping a stake, but something is afoot at the moment. It is rising day by day though.
Haystack
- 10 Nov 2003 11:37
- 8 of 72
And up again today.
Haystack
- 11 Nov 2003 08:26
- 9 of 72
And up yet again.
dannycarswell
- 11 Nov 2003 15:13
- 10 of 72
GOOD AFTERNOON. SOMETHING I READ IN THE CONTRCT JOURNAL. QUINTAIN ESTATES, OWNER OF 22.6ha OF LAND SURROUNDING, BUT NOT INCLUDING, THE NATIONAL STADIUM, UNVEILED DETAILED PLANS FOR THE REGENERATION OF WEMBLEY ON FRIDAY AND SUBMITTED A PLANNING APLLICATION TO BRENT COUNCIL. THE 1bn REDEVELOPMENT WILL HOUSE A 400 BED HOTEL NEXT TO THE STADIUM, BARS , SHOPS, OFFICES AND 3,700 HOMES.
THE PICTURE OF THE NEW WEMBLEY AND SURROUNDINGS LOOKS SPECTACULAR TO SAY THE LEAST. GOODLUCK TO THOSE HOLDING.
Haystack
- 11 Nov 2003 21:35
- 11 of 72
Thanls for that. It sounds interesting. What is the contract journal?
dannycarswell
- 12 Nov 2003 08:55
- 12 of 72
morning, conract journal is a weekly newspaper for the construction industry.
contains projects at pre-plan, detailed planning, tenders, bidders known and bids accepted. plus all the general goings on surrounding the construction world. have a look at www.contractjournal.com
thefall
- 31 Mar 2009 17:50
- 13 of 72
So anyone with any ideas whats happening here, seems to me the bankers are happy with them, they have decent NAV, they are considering a rights issue - old news so whats with the 45% drop today?????
kate bates
- 31 Mar 2009 18:31
- 14 of 72
I hear these are worth a punt, buying tomorrow, do the maths ;-)
mitzy
- 31 Mar 2009 20:02
- 15 of 72
I would buy around 5/6p for a gamble only.
XSTEFFX
- 31 Mar 2009 21:42
- 16 of 72
goldfinger
- 05 Jun 2009 09:50
- 17 of 72
With a NAV of circa 360p and an sp of just 59p, looks way undervalued even with debt concerns.
Chart looks fine and although a speculative investment some would find this Im going for it.
jkd
- 11 Aug 2009 12:43
- 18 of 72
i did my own research on this, so thanks for bringing it to my attention gf. i now have a nice problem.
regards
jkd
XSTEFFX
- 03 Sep 2009 13:12
- 19 of 72
soldout
jkd
- 03 Sep 2009 17:16
- 20 of 72
from 2003 until 2009 and still on page one( hope this dont jump to page 2) lol.
must be a pretty boring stock and thread for investors.
regards
jkd
jkd
- 08 Sep 2009 14:34
- 21 of 72
ive been accumulating these since below 60p and at regular intervals above. they are becoming more and more difficult to accumulate at small risk( my major criterior in buying anything) as prices rise higher. i suspect something is afoot here.
could be wrong.
long term target 400p.as always just my opinion and please dyor.
caveat: i am a bear on the long term market in general so will also be looking to lock in some profits on any major weakness, it is now approaching a major resistance level which if something is afoot it should take out.we'll see shortly.having bought so low i can afford to lend a fairly generous stop loss but sure aint going to give it all back.
regards
jkd
XSTEFFX
- 08 Sep 2009 20:56
- 22 of 72
You did it page 2. I lost out on aload more money.OVER 190p
XSTEFFX
- 09 Sep 2009 11:48
- 23 of 72
JKD ITS OVER 225p
jkd
- 10 Sep 2009 22:19
- 24 of 72
XS
not any more it isnt. lets see what happens when all the fuss quietens down, hopefully.
regards and good luck.
jkd
jkd
- 03 Nov 2009 08:45
- 25 of 72
i was stopped out of these yesterday. i still like them. will watch and look for another entry point.
regards
jkd
hlyeo98
- 25 Nov 2009 17:53
- 26 of 72
What has happened to Quintain Estates today??? Down 53%!!!
hlyeo98
- 25 Nov 2009 17:59
- 27 of 72
24 November 2009
Quintain Estates and Development plc
RESULT OF GENERAL MEETING
Quintain announces that at the General Meeting held today in relation to its 3 for 1 Rights Issue, all six of the Resolutions set out in the Notice of the General Meeting to Shareholders dated 5 November 2009 were duly passed without amendment.
The passing of the Resolutions will enable the Company to proceed with the fully underwritten Rights Issue to raise gross proceeds of 191.2 million announced on 5 November 2009. Accordingly, subject to certain exceptions, Provisional Allotment Letters will be sent today to Qualifying Non-CREST Shareholders who were on the register at close of business on 20 November 2009, and CREST stock accounts are expected to be credited with nil-paid rights in respect of the New Ordinary Shares at 8.00 a.m. on 25 November 2009.
Application has been made to the UK Listing Authority and to the London Stock Exchange for the 390,160,296 New Ordinary Shares (nil paid and fully paid) to be admitted to the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange, respectively. It is expected that Admission will become effective and that dealings on the London Stock Exchange in the New Ordinary Shares (nil paid) will commence at 8.00 a.m. on 25 November 2009.
William Rucker, Chairman of Quintain, said:
"We are delighted by the continued support shown by our shareholders in passing these resolutions, which will enable us to proceed with the Rights Issue. The proceeds of the equity raise will strengthen further the Group's financial position, increase the momentum in our major schemes and enable us to grow our fund management business. We look forward to continuing to apply our broad experience and proven investment, asset management and structuring skills to create and enhance future value for shareholders."
goldfinger
- 08 Jan 2010 15:47
- 28 of 72
Broker covering it as a BUY rating and the actual NAV of 161p protects any downside....... looks way undervalued to me.
Quintain Estates & Development PLC
FORECASTS
2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
KBC Peel Hunt Ltd
22-12-09 BUY -5.00 -0.45 -4.70 -0.42
2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus -5.00 -0.45 -4.70 -0.42
1 Month Change -3.33 0.37 -2.78 -0.07
3 Month Change -6.94 2.15 -5.80 0.14
GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS % % %
DPS -29.17% % %
INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)
EBITDA -40.54m m m
EBIT -41.25m m m
Dividend Yield 5.94% % %
Dividend Cover -2.57x x x
PER -6.55x -150.00x -160.71x
PEG f f f
Net Asset Value PS 161.26p p p
goldfinger
- 10 Jan 2010 19:04
- 29 of 72
Quintain Estates is certainly worth a look at from a recovery point of view.
If you look at the historic NAV this could be well undervalued and shouldnt be long before we get a trading update on the 21st of January. May get a run up to the update.....
Quintain Estates & Development PLC
FORECASTS
2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
KBC Peel Hunt Ltd
22-12-09 BUY -5.00 -0.45 -4.70 -0.42
2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus -5.00 -0.45 -4.70 -0.42
1 Month Change -3.33 0.37 -2.78 -0.07
3 Month Change -6.94 2.15 -5.80 0.14
GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS % % %
DPS -29.17% % %
INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)
EBITDA -40.54m m m
EBIT -41.25m m m
Dividend Yield 5.94% % %
Dividend Cover -2.57x x x
PER -6.55x -150.00x -160.71x
PEG f f f
Net Asset Value PS 161.26p
goldfinger
- 21 Jan 2010 08:15
- 30 of 72
goldfinger
- 21 Jan 2010 08:33
- 31 of 72
RPT-UPDATE 1-Quintain targets 2010 fund management growth
21 Jan 2010 - 07:37
(Repeats to additional Reuters clients)
* Allocates majority of share sale proceeds to funds unit
* Gearing down to 43 percent, from 94 percent at Sept. 30
(Adds detail)
LONDON, Jan 21 (Reuters) - Quintain Estates & Development is pumping 133.5 million pounds ($218 million) into acquisitions and growing its income-generating fund management arm in 2010 after months of defending its balance sheet from property market turmoil.
Quintain, which specialises in redeveloping towns and cities across Britain, said last year's 183.5 million pounds rights issue has slashed the firm's gearing by more than half to 43 percent, giving the company a "substantial buffer" against further economic distress and the firepower to chase new buys.
"With equity available and a significantly reduced level of gearing, we will continue to progress our existing schemes, drive substantial growth in the fund management business and capitalise on the many opportunities current market conditions present," Chief Executive Adrian Wyatt said.
The company said it had seen evidence of a recovering property market with a number of sales achieved at a premium to valuation, including Commercial House in Jersey, which fetched a price 19 percent above book value.
However, it said conditions in the mainstream market remained uncertain and it would maintain its focus on alternative asset classes such as healthcare and student accommodation, which benefit from resilient income streams underpinned respectively by an ageing population and undersupply. ($1=.6126 Pound) (Reporting by Sinead Cruise, editing by Cecilia Valente)
toki
- 12 Feb 2010 14:54
- 32 of 72
mitzy
- 23 May 2010 15:55
- 33 of 72
Careful now...
mitzy
- 04 Jun 2010 14:16
- 34 of 72
I get a funny feeling about this one.
mitzy
- 08 Jun 2010 10:47
- 35 of 72
mitzy
- 20 Jul 2010 11:34
- 36 of 72
This is going nowhere.
jkd
- 01 Apr 2011 15:20
- 37 of 72
this is page 2 might be worth reading page1. and thanks to gf who originally bought this to my attention. he aint always right and sometimes i disagree but he is worth reading and following and doing our own research to confirm or not as the case may be. those that i have researched and agreed with have proven most succesful for me so Thanks gf.
dont forget a 3 for 1 rights. my original target as posted was 400.so that equates to 133or so. another property company in line with my other post re BLND might be too early in the cycle so just bringing it to you alls attention for your watch list. i like it, have dipped a toe.
please all dyor and good luck
regards
jkd
jkd
- 15 May 2011 02:01
- 38 of 72
have since dipped several other toes,
cant post all my positions on everything so
just sample on this one but hopeful.
could be wrong,i often am; so please dyor.
regards
jkd
HARRYCAT
- 08 Jun 2011 15:03
- 39 of 72
Moving ahead very nicely. Shame I don't hold.
goldfinger
- 09 Jun 2011 09:06
- 41 of 72
There was heavy trading in Quintain Estates & Development where over 21.7m shares changed hands after Charles Stanley bought a chunk of stock for a client. That sparked talk that someone might be looking to amass a stake in the company. However, traders noted that Laxey, the activist investor, owns a 5.7 per cent stake in Quintain.
Separately, Matrix raised its target price on the property developer to 81p saying that a re-rating was finally in sight.
We believe any/all of the three transactions being concluded will help the forward sale of the student accommodation at Wembley, securing a joint venture partner for the Hilton Hotel and, most importantly, in our view, securing a partner for the London Designer Outlet Centre (heads of terms agreed), said analyst Miranda Cockburn.
http://www.ft.com/cms/s/0/e2edc6d2-91e0-11e0-b4a3-00144feab49a.html#axzz1OitwzdNH
goldfinger
- 09 Jun 2011 09:21
- 42 of 72
Looking to attack this market on the bull side very aggresively. Doubled up on QED, 81p new broker target.Getting shot of any losers quickly
jkd
- 09 Jun 2011 11:21
- 44 of 72
gf good luck.
i hope you wont mind me skipping to s post no.40 and the chart shown by s.
s has the chart been adjusted for the rights do you think? it seems not to me.
back to you gf, do you think so?
it seems MAM are a bit slow or even non reactive in doing this generally, or am i mistaken? whats your opinions?
regards
jkd
skinny
- 09 Jun 2011 11:25
- 45 of 72
No - MAM don't seem to do that! This is what it should look like -
ADVFN Chart.
jkd
- 09 Jun 2011 11:43
- 46 of 72
thanks s
seems my 133 looks more realistic resistance from that chart.
and i was hoping maybe 900 top from the MAM chart, one day.;-)
regards and thanks
jkd
goldfinger
- 09 Jun 2011 17:12
- 47 of 72
Yep but still bowl shaped. Kind of.
goldfinger
- 09 Jun 2011 17:12
- 48 of 72
Laxey with RNS out for QED this afternoon, over 10% holding. Watch out for further rises here and poss bid.
jkd
- 09 Jun 2011 17:26
- 49 of 72
gf
its great you post both on the "chart attack" thread and also post copy on the individual
share thread also.
i just posted over there regarding your above post ,before i saw it on here.
so for all interested and to save me re posting, please go take a look.
thanks to all.
regards
jkd
goldfinger
- 10 Jun 2011 02:06
- 50 of 72
He he will do JKD.
goldfinger
- 10 Jun 2011 07:56
- 51 of 72
By Neil Hume and Bryce Elder
Published: June 9 2011 21:04 | Last updated: June 9 2011 21:04
Quintain Estates, the developer of the Wembley City development in London, rose 2.5 per cent to 60p. After the close, the activist hedge fund Laxey Partners confirmed it had raised its stake from 5.76 per cent to 10.37 per cent.
http://www.ft.com/cms/s/0/4a732f7a-92ab-11e0-bd88-00144feab49a.html#ixzz1OoYqedhc
--------------------------------------------------------------------------------
goldfinger
- 10 Jun 2011 07:58
- 52 of 72
Fantastic news for QED......
10 June 2011
Quintain Estates and Development PLC
("Quintain" / Company" / "Group")
Sale of Wembley Student Accommodation to
Keystone & Partners Real Estate S.A. ("Keystone")
Quintain announces it has entered into a forward commitment with Keystone for the development of the 660-bed student accommodation at Wembley City on a plot of land adjacent to Wembley Stadium. Keystone will purchase a long leasehold interest in the land of 251 years for a total consideration of 14.5m. In a separate development agreement, Keystone will make a further payment totalling 38.5m to Quintain, following practical completion of the building, which is expected to be in the summer of 2012.
Separately, Real Partners S.A. has agreed the purchase of five self-contained three-bedroom residential units, which form part of the development, for a total consideration of 1.5m. On practical completion of the building, Keystone and Real Partners S.A. will pay Quintain modest annual index-linked ground rents.
Commenting, Adrian Wyatt, Quintain's CEO said "This is great news for Wembley City and also marks the early achievement of one of our key milestones in the current financial year. Through this agreement we have not only retained an interest in the site and the management of the asset, but also demonstrated that Wembley City offers attractive opportunities for investors, at a price which supports our underlying land value assumptions.
"Furthermore, by bringing a substantial number of people to live at the scheme it will add to the growing vibrancy around Wembley City and support our other commercial activities in the area."
Giorgio Laurenti, Chairman of Keystone Group, a Swiss based real estate development company with offices in Wollerau, London and Luxembourg added: "We are delighted to take this opportunity as a starting point for our student accommodation initiative in the UK. We strongly believe in Wembley City as an attractive and vibrant location for students due to its proximity to reputable universities, the Civic Centre and its ability to offer students new modern housing, entertainment facilities and real job opportunities."
The student accommodation forms part of Quintain's Wembley City 8m sq ft regeneration project and lies adjacent to Wembley Stadium and Quintain's Hilton Hotel development.
Quintain has agreed terms with the University of Westminster for a nominations agreement over 481 bedrooms 'clustered' into 80 six en-suite bedroom units with shared kitchen/living areas. The student accommodation is located between the University of Westminster's Harrow and Marylebone campuses. The balance of the accommodation comprises 179 one-bedroom studio apartments. Quintain will manage the student accommodation on behalf of Keystone.
As at 31 March 2011, the land and buildings under construction were valued in Quintain's accounts at 21.1m. Based on the sums due from Keystone and Real Partners totalling 54.5m, Quintain estimates that it will achieve a surplus over the March valuation of some 3.5m and a surplus of 5.2m over cost.
The agreement with Keystone is through Quintain's subsidiary company Quintain W05 (Groundlease) Limited. Real Partners SA is a related party to Keystone.
For further information, please contact:
Quintain Estates and Development PLC
goldfinger
- 10 Jun 2011 08:31
- 53 of 72
BRIEF-Quintain Estates sells Wembley site to Keystone
10 Jun 2011 - 07:08
LONDON, June 10 (Reuters) - Quintain Estates And Development PLC :
* Disposal
* Commitment with Keystone Group for the development of 660-bed student accommodation at Wembley City
* Keystone will purchase long leasehold interest in land for 14.5M
* Keystone will make a further payment of 38.5M to Quintain, following practical completion of the building
((London Equities Newsroom; +44 20 7542 7717))
((For more news, please click here [QED.L]))
goldfinger
- 10 Jun 2011 09:12
- 54 of 72
Qed going great guns again.
heres what Zak Mir Pro TAer said about them earlier today...
Zak Mir
Reged: 28/06/07
Posts: 1822
Re: QUINTAIN ESTATES (qed) [
#480219 - 10/06/11 08:24 AM Edit Reply Quote
A bowl, a saucer, either way a return to 100p plus can be expected on a 3 month view at QED. One of the charts of the year
HARRYCAT
- 10 Jun 2011 11:42
- 55 of 72
Liberum note out today:
"We are pleased to read QED reporting, as flagged, the sale of one block of its student accommodation in Wembley.
We wrote in our initiations in March (Developers: opaque and out of favour, Re-appraise early!) that share price progress should result fromproving elements of the Wembley and Greenwich site valuations. Prelims (May) subsequently reminded the Market that four such transactions were imminent: the student accommodation sale (announced today), sale of the Hilton Hotel (in the same block / W05), crystallising value at the London Designer Outlet (in a JV), and reporting the final price of the second land sale to Bellway (?) at Greenwich, in the South East.
The shares have risen 34% since then, and we expect the rest of this newsflow in 2011.
In addition, well-known activist investor, Laxey Partners presence on the shareholder list, has helped highlight value in QED shares. Yesterday Laxey near-doubled their stake to 10.4% (from 5.8%). "
goldfinger
- 10 Jun 2011 12:41
- 56 of 72
Excelent post Harry.
HARRYCAT
- 10 Jun 2011 14:42
- 57 of 72
Bit of a pullback from this morning. Too far, too fast or just friday afternoon profit taking? Good volume at 2.6m.
Socrates
- 30 Jun 2011 08:48
- 58 of 72
Upward trend resumed?
Socrates
- 15 Jul 2011 08:09
- 59 of 72
Well, maybe, maybe not.
Anyone ever been to their AGM, is it worth a visit?
dreamcatcher
- 27 Nov 2011 19:03
- 60 of 72
Tuesday November 29 =
An update on major development projects in Wembley and Greenwich will be on the agenda when property company Quintain posts half-year results. It last week confirmed it has signed up Gap and Nike as anchor tenants for its Designer Outlet development next to Wembley Stadium. However, it is also on the hunt for investors to help fund the project. Analysts believe Quintain should return to the black this year after posting a 48m pre-tax loss in the year to March 31
HARRYCAT
- 28 Nov 2011 08:36
- 61 of 72
Looks like below the two year low.
Socrates
- 30 Nov 2011 13:37
- 62 of 72
I know why that is!
HARRYCAT
- 30 Nov 2011 14:50
- 63 of 72
StockMarketWire.com
Quintain has delivered profit as it makes further progress against its business plan.
In its half year results for the six months ended 30 September 2011. Quintain Estates showed its financial position strengthened further with 85m of debt extended during the period; 353m out of a total target of 400m of debt now extended out to 2016.
The company also reported profit before tax 3.7m - this against a loss of 58.8m for the same period in 2010.
Adrian Wyatt, Chief Executive of Quintain, said:"The steady progress and solid results achieved during the period demonstrate that value can be unlocked through our activities even in a difficult operating environment.
"A marked improvement in market conditions is unlikely during the second half. However, with London proving more resilient than the rest of the UK, a diversified specialist asset base and an increasingly strong balance sheet, we remain confident in our ability to create value."
HARRYCAT
- 18 Jun 2012 08:08
- 64 of 72
http://www.moneyam.com/action/news/showArticle?id=4390018
New joint venture with Hong Kong investor to develop Greenwich Peninsula
Summary
· The Board of Quintain today announces that the Company has agreed a new joint venture in respect of its interests in Greenwich Peninsula with Knight Dragon, an investment vehicle ultimately owned by Dr. Henry Cheng Kar-Shun. Dr. Cheng is Chairman of New World Development, a Hong Kong listed conglomerate with a market capitalisation of approximately £4.6 billion and which has substantial interests in property and infrastructure in Hong Kong and China. Dr. Cheng, and the wider Cheng family, control Chow Tai Fook Enterprises Limited, which has a substantial interest in New World Development. Chow Tai Fook Enterprises Limited is providing a guarantee of the obligations of Knight Dragon in relation to the Transaction.
· The Board of Quintain believes the Transaction presents an attractive opportunity as it:
- introduces a new partner to take the development of Greenwich Peninsula forward;
- secures up to £300 million of new financing in relation to viable development at Greenwich Peninsula at competitive rates;
- provides Quintain with new management income streams;
- provides substantial liquidity to the Company, anticipated to be approximately £150 million over the next six years before development profits; and
- paves the way for the transformation of Greenwich Peninsula, including the development of up to 10,000 new homes, a 3.5 million sqft commercial district, as well as new shops, hotels, schools and public facilities along 1.4 miles of Thames river frontage and space for a workforce of over 25,000.
clogheen
- 23 Jan 2013 12:45
- 65 of 72
Results in FEb and hopefully the planning consent with them,,,,,,,,should rise from here 'till then,,,,,,,all IMO
HARRYCAT
- 12 Jul 2013 08:15
- 66 of 72
Quintain JV wins consent for 1,683 Greenwhich homes
StockMarketWire.com
Quintain Estates & Development said GPRL, a JV between it and Knight Dragon, has won planning permission for a new 1,683-home masterplan for the riverside Peninsula Quays district.
The determination was subject to a 14-day period of referral to the Mayor. Quintain said it was the third major positive planning decision secured by GPRL in a fortnight.
Dil
- 08 Jan 2014 13:52
- 67 of 72
Nice chart.
Dil
- 07 Feb 2014 07:58
- 68 of 72
RNS
RNS Number : 5212Z
Quintain Estates & Development PLC
07 February 2014
7 February 2014
Quintain Estates & Development PLC
("Quintain" / "Company" / "Group")
Quintain acquires Kingsbourne House, 229-232 High Holborn, WC1
Quintain Estates & Development PLC announces that it has exchanged contracts to acquire a 21 year leasehold interest in Kingsbourne House at 229-232 High Holborn and part of the adjacent 226 High Holborn for £13.7 million in cash.
Kingsbourne House is a recently refurbished office building situated in a prominent location with excellent transport links. Completion is subject to the landlord's consent, not to be unreasonably withheld, and is targeted to occur within three weeks.
The acquired property, which is above and adjacent to Holborn Underground station, is substantially let to nine tenants with a contracted rental income of £1.2 million, rising to £1.4 million on completion of an agreed letting, representing an initial yield of 10%. The property is being acquired from Dorrington Properties Plc.
Maxwell James, Chief Executive, said: "This area of Midtown is transforming rapidly, supported by significant infrastructure spend. The acquisition of this key site in Holborn delivers a strong income stream to the Group in the medium term, whilst offering exciting future asset management and development opportunities."
Quintain was advised by Michael Elliott LLP.
ENDS
HARRYCAT
- 13 Feb 2015 08:01
- 69 of 72
Quintain issues the following update for the period from 26 November 2014 to 12 February 2015.
Highlights
· 80% of the 284 private apartments within Emerald Gardens now pre-sold
· Planning permission granted this week for next residential development of 370 apartments
· Performance of Wembley Park investment assets continues to improve
· New finance director, Simon Carter, to start on 26 May 2015
Maxwell James, Chief Executive of Quintain, said:
"80% of the 284 private apartments within Emerald Gardens have now been sold, a year ahead of completion, and pricing and volumes remain above initial expectations. This week's planning approval for the next residential development, Alto, will enable us to increase the number of homes under construction this year to 845, ensuring a pipeline of completions to the end of 2017 at a price point where a significant imbalance persists between supply and demand and buyers may also benefit from the Government's Help to Buy scheme."
Alto, now held as a trading asset, will comprise 370 apartments. It will be located between a new two-acre square and Emerald Gardens, the 475-home development which is due for occupation from next Spring.
The leisure quarter at the heart of Wembley Park continues to prove a strong draw for visitors and residential purchasers, with half a million people visiting London Designer Outlet in the four weeks leading up to Christmas.
HARRYCAT
- 29 Apr 2015 08:04
- 70 of 72
StockMarketWire.com
Quintain Estates & Development has established a second joint venture with Keystone Alto SA, a subsidiary of Keystone Group Holding AG, to deliver the next 260,000 sq ft residential development at Wembley Park.
Highlights:
· Second 50:50 joint venture with Keystone at Wembley Park, for development of Alto
· £19.0 million paid for the 1.5-acre plot and £8.0 million agreed separately for infrastructure
· Transaction continues the acceleration of residential development at Wembley Park
· Development will contribute 120 more homes to Quintain's PRS business
HARRYCAT
- 29 Jul 2015 08:36
- 71 of 72
StockMarketWire.com
Quintain Estates and Bailey Acquisitions Ltd have agreed terms for a recommended offer of the former company. Quintain shareholders will receive 131p in cash for each share, valuing its share capital at about £700m.
HARRYCAT
- 25 Sep 2015 17:59
- 72 of 72
DELISTING
Earlier today Bailey Acquisitions Limited (Bidco), an investment vehicle indirectly controlled by Lone Star Real Estate Fund IV, announced that its increased cash offer of 141p per share (the Increased Offer Price) for Quintain Estates and Development PLC (Quintain) (the Increased Offer) was unconditional in all respects.
Bidco also announced that:
· as at 5.00 p.m. (London time) on 24 September 2015, Bidco had received valid acceptances of the Increased Offer in respect of 377,583,165 Quintain Shares, representing approximately 71.73 per cent. of the existing issued share capital of Quintain;
· Bidco has today acquired 22,614,870 Quintain Shares at the Increased Offer Price, representing in aggregate approximately 4.30 per cent. of the ordinary share capital of Quintain and that these purchases will settle on Tuesday 29 September 2015; and
· once these purchases have settled, Bidco will have received valid acceptances of the Increased Offer in respect of, or has acquired or agreed to acquire, 400,198,035 Quintain Shares representing approximately 76.03 per cent. of the existing issued share capital of Quintain.
Delisting
As Bidco has, by virtue of acceptances of the Increased Offer and of the shares it has agreed to acquire today, acquired, or agreed to acquire, Quintain Shares representing at least 75 per cent. of the voting rights of Quintain, Quintain confirms that the 20 Business Days' notice period for the cancellation of listing of Quintain Shares on the premium listing segment of the Official List of the Financial Conduct Authority and the trading in Quintain Shares on the London Stock Exchange's main market for listed securities has commenced. It is anticipated that the cancellation of listing and trading will take effect on or shortly after 8.00 a.m. (London time) on 23 October 2015. Such cancellation would significantly reduce the liquidity and marketability of any Quintain Shares not assented to the Increased Offer at that time.