Quintain has upped its NAV to 122p as its key Wembley development grows alongside its investment portfolio.
The company’s NAV has risen from 115p in March 2014.
The value of Wembley Park’s completed assets has risen by 4.6% to £272.9m and the London portfolio of assets by 3.3%.
Wembley Park’s development site makes up 42% of the company’s holdings and this saw a 13.8% rise in its post-development value, to £351.1m.
Overall, Quintain’s portfolio is now valued at £639m, with debt of £375m. Its LTV was reduced by the higher valuation, from 38% to 27%.
The group made a £6.2m net profit over the year to 31 March 2015.
The next phases of North West Village, Wembley Park, can be seen below.
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