Quintain has halved its net debt to £217.6m through the £186m sale of its 40% stake in Greenwich Peninsula.
The sale at £31.7m above book value ?to its joint venture partner, Knight Dragon, has added ?7p to its net asset value.
Knight Dragon will pay Quintain an additional ?£44m as part of its ?purchase of a 60% interest ?in the 14m sq ft project in July 2012.
bridget.oconnell@estatesgazette.com
