Lone Star’s purchase of Quintain ranks as one of the most successful pivots in recent real estate history. And it could be about to pull off the same trick again.
When the private equity giant paid £1B to take Quintain private in 2015, it was essentially a build-for-sale house builder with a small fund management arm bolted on. The vast majority of the 5,000 homes Quintain had permission to build at Wembley Park were earmarked for sale. Within six months, Lone…
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