The private equity tycoon Guy Hands is considering a £2.5bn bid for Quintain, the developer that plans to build 7,000 homes in the area around Wembley stadium.
Quintain was put up for sale in March by its owner, the US private equity firm Lone Star, which is said to be looking to cut its exposure to the capital’s property market before Brexit takes place.
Lone Star took Quintain private for about £1bn including debt in 2015. Since then it has pushed ahead with an ambitious redevelopment of its 85-acre site around Wembley, in northwest London, signing £1bn of construction contracts and creating the rental brand Tipi.
