This week saw the first round of bids for the regeneration specialist behind the transformation of Wembley Park. What do the main men behind the growth of Quintain see as the next steps? Richard Hook reports
Speaking to Property Week at the second annual Tour Series cycling event held at the 85-acre site last month – hence the Lycra – the Quintain chief executive was not just gearing up for the race ahead but also for the publication a fortnight ago of an investment prospectus for Quintain, which American owner Lone Star commissioned Credit Suisse and Eastdil to “look at options” for in March, including the sale of the business for a potential £3bn or more.
Property Week understands that seven bids had been made by the Tuesday deadline and that next month there will be a second round of bids.
So what does the future hold for Wembley Park and Quintain? Will the new backers stick to the current plan or will they have other ideas?
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