Lone Star to buy UK property firm Quintain
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
US private equity firm Lone Star has agreed to buy British property firm Quintain Estates and Development for £700 million (S$1.5 billion) to gain one of London's few remaining large-scale development opportunities.
The cash bid of 131 pence a share is about 22 per cent above Quintain's closing price on Tuesday and gives Lone Star access to a large area of undeveloped land around London's Wembley Stadium.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
