History

Related media

2010 Annual Report
(PDF, 3.30MB)
15th July 2010

2009 Annual Report
(PDF, 2.26MB)
3rd June 2009

Quintain was formed in 1992. Two years later £28 million was raised through an institutional placing and the Company was floated on the London Stock Exchange in 1996.

In 1997 Fiscal Properties plc and Croydon Land & Estates Ltd were acquired for £77m.

1998 saw the acquisition of Estates Property Investment Company Ltd for £4.2m and the creation of a £212m nursing home joint venture with Morley.

In 1999 Quintain acquired English & Overseas Properties plc for £32.3m and Chesterfield Properties Ltd for £139m.

In 2002 Wembley (London) Ltd was acquired for £48m, and with it the land surrounding Wembley Stadium. In the same year a deal was signed with the Government to develop the Millennium Dome and the adjoining land at Greenwich Peninsula into a new sustainable district for London.

The following year an application was submitted to the London Borough of Brent for 5m sq ft of mixed use development at Wembley.

In 2004 planning permission was issued for 14.1m sq ft at Greenwich Peninsula, an application for consent was submitted for 65 acres of development at Emerson's Green in Bristol and consent was granted for 5.3m sq ft at Wembley.

A corporate banking syndication with HSBC, Bank of Scotland, Barclays Capital and Lloyds TSB for £400m was also signed that year.

In 2005 the Government Office for London / ODPM approved the regeneration scheme at Wembley and the start of a £36m, 190 degree re-orientation of Wembley Arena to face the new National Stadium.

2006 saw the beginning of construction of Wembley's residential blocks, W01 and the opening of a major new piece of public realm – Arena Square – linking Wembley Arena to the Stadium.

In 2007 planning permission was granted for the first residential block at Greenwich Peninsula. In August detailed consent was granted for the Hilton Hotel and student accommodation block at Wembley, adjacent to Wembley Arena. In November the first commercial pre-let at Greenwich Peninsula was made, with regulatory authority Transport for London taking 135,000 sq ft of space and an option on a further 60,000 sq ft, on Peninsula Square.

The first residential building at Wembley City – Forum House – was opened in 2008 and with it was launched the UK's first underground waste removal system and fastest residential broadband services, delivering speeds of up to 100mbs to residents over Quintain's own digital platform. The second residential building is now under construction.

In 2009 Ravensbourne College was 'topped out' at Greenwich Peninsula and Boris Johnson launched Peninsula Central, London's first new commercial district since Canary Wharf. Transport for London exercised its option to the remaining 2 floors of Pier Walk at Peninsula Central and subsequently took occupation on the building's completion in August, bringing the first 1,800 employees to the Peninsula. In November a pre-let of the top two floors of the second commercial building, Mitre Passage, was agreed with the London Borough of Greenwich and the London Borough of Brent submitted an application for planning consent for their new Civic Centre, which will sit at the heart of Quintain's Wembley City scheme. The iQ student accommodation fund continued to grow, with the addition of three new schemes increasing the total of income-producing beds by 49% year on year. In December the Company completed a successful rights issue, with 98.4% if rights taken up and raising £183.1m.

In 2010 Quercus was named by the IPF and IPD as the most successful fund over three years, whilst Barclaycard became title sponsor of the iconic Wembley Arena. Tesco became the first major retailer to commit to the new Wembley City and we completed the second residential building on the site, taking the number of homes to 520. The iQ Fund acquired two new sites in London and achieved record levels of lettings prior to the start of the 2010 academic year.