Quintain today revealed that it had agreed a new £150m banking facility with Bank of Scotland Corporate to take advantage of falling property prices

The company said in an announcement to the Stock Exchange this morning that it had agreed the two-year revolving facility to invest in regeneration projects and ‘exploit opportunities from current market conditions’.

Quintain finance director Rebecca Worthington said: 'Financing has an important role to play and the new facility will provide additional funding flexibility for our urban regeneration projects, such as Wembley and Greenwich, and enable us to seize emerging opportunities.'