Quintain Estates & Development, the developer behind ambitious plans to regenerate the Greenwich Peninsula and Wembley in London, has raised its debt facilities by £300m to take advantage of property investment opportunities in the UK. Financial Times, The Times
The developer has taken a more defensive position in the property market over the past three years in the expectation of the current slump in property prices, selling investment stock and lowering debt levels.
But Quintain now sees opportunities to begin buying again following a sharp correction in values. Quintain has taken its debt facility to £795m, with £150m extra raised with Bank of Scotland Corporate, and £50m with HSBC, Lloyds TSB and Barclays Capital respectively.