Quintain sees Wembley and Greenwich property values rise | This is Money
Shares in Quintain Estates & Development soared more than 8% yesterday after the regeneration expert reported a rise in the value of its two London flagship projects.
The property group said the value of its development around Wembley Stadium increased by 1% in the six months to the end of March while property values on the Greenwich Peninsula rose 2.7%.
Chief executive Adrian Wyatt said he expected house prices in London to carry on rising.
However, Quintain (up 4p to 52.5p) made annual losses of £48.1m after it wrote down the value of its properties in the first half of the year. Net asset value per share fell from 120p to 116p.
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