Gearing eases at Quintain as cash rolls in
8th Aug 2012 09:27
London-focused property regeneration specialist Quintain Estates said its balance sheet is looking in a much healthier state following an influx of cash from disposals. The group has pocketed £90m in cash since April 1st as it offloaded a couple of assets and received a payment from its joint ventu
Read moreQuintain Estates pushes forward with JV
4th Jul 2012 09:01
Quintain Estates and Development has published the Class 1 circular for the new joint venture with investment vehicle Knight Dragon relating to Greenwich Peninsula Regeneration. A meeting to approve the transaction will take place on July 23rd, with completion of the transaction expected the follo
Read moreWeir Director boosts stake with 3,500 shares
19th Jun 2012 16:36
John Mogford, an independent non-executive director of engineering giant Weir Group, purchased 3,500 ordinary shares on Monday at 1,454p a pop. The £50,890 purchase, which took Mogford's total holding in the company to 11,481 shares, came just one day before the company reconfirmed its full-year g
Read moreTuesday tips round-up: BAE, Cobham, Majestic...
19th Jun 2012 07:03
The Independent's Investment View column has taken a look at Britain's biggest defence contractor BAE Systems, saying that while it may be avoided by the 'ethical investor' - given that it supplies high-tech weaponry - there's a financial case for holding the shares for people seeking income. The c
Read moreQuintain lands moneybags partner for Greenwich project
18th Jun 2012 07:34
London-focused regeneration specialist Quintain Estates and Development is hooking up with a Hong Kong investment group which has agreed to pump money into the development of the Greenwich peninsula in south London. The group is forming a joint venture with Knight Dragon, an investment vehicle cont
Read moreQuintain completes refinancing on iQ portfolio
3rd Apr 2012 10:59
Quintain Estates, a London-based regeneration specialist and fund manager, has successfully concluded the refinancing of its 50-50 joint venture iQ, one of the UK's largest student accommodation providers. The new debt facility, worth £157.75m, will replace the fund's original five-year senior deb
Read moreQuintain offloads Elephant accommodation
13th Oct 2011 07:54
Property developer Quintain Estates has sold its recently completed set of student accommodation studios in the Elephant and Castle district of South London. Dashwood Studios cost £17.8m to build and had been valued at £14.7m, so the £34m being paid for the asset by Rockspring Property Investment M
Read moreThursday tips round-up: Interserve, Inmarsat, Weir Group
11th Aug 2011 06:35
These are busy times for Interserve. The group's support services side does work for a number of London boroughs and for the Metropolitan Police, including running the CCTV control centres at Croydon and Ealing. The shares, up 10.5% to 326½p yesterday, sell on a relatively inexpensive earnings multi
Read moreQuintain making progress on Wembley venture
10th Aug 2011 14:41
Recovery play Quintain Estates said the new financial year has started well with the company on its way to achieving the ambitious milestones it laid out in May. The London-focused property developer said that letting activity and negotiations continue in respect of its joint venture, the London De
Read moreQuintain to lease Wembley building for £14.5m
10th Jun 2011 08:08
Property developer Quintain Estate has entered into a forward commitment with Keystone to develop student accommodation in Wembley in exchange for a total consideration of £14.5m. Keystone will purchase a long leasehold interest of 251 years in the land located in Wembley City, adjacent to Wembley
Read moreQuintain feels the squeeze
25th May 2011 14:12
Property developer Quintain Estates plunged into the red in 2010, following valuation write-downs in the first half of the year. The firm made a loss before tax of £48.1m in the twelve months ending 31 March 2011 on a gross profit of £26.2m. Quintain said it saw property market conditions slowly i
Read moreQuintain Estates on track for fund targets
9th Feb 2011 08:11
Social housing and regeneration specialist Quintain Estates said it expects to reach company targets of £1.25bn funds under management by the year end. "If concluded, this will increase momentum towards achieving the longer-term objective of £2bn of funds under management by March 2013, which will
Read moreIndus Gas chief exec raises nearly £126m
31st Jan 2011 17:04
The chief executive of one of the largest companies on AIM has raised nearly £126m from a share sale. Not much more than 10% of the companies on AIM are valued at more than the amount raised by Indus Gas chief executive Ajay Kalsi. He sold 19.35m shares at 650p each. Indus joined AIM in June 2008
Read moreQuintain Estates hit by write-downs
26th Nov 2010 07:53
Hefty write-down on developments in North London, Bristol and its flagship project at Wembley sent property developer Quintain Estates deep into the red in the six months to September. Net asset value per share fell 6.7% to 112p as losses hit £58.8m (profit £9.6m) after Quintain wrote down the valu
Read moreFriday preview: Quintain Estates, Asian Citrus...
25th Nov 2010 15:55
Property developer Quintain Estates' most recent trading update, for the half year to 30 September, indicated strong progress in the last six months towards its key milestones for the financial year. At the same time, Quintain unveiled plans for the London Designer Outlet at Wembley City. The 350,
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