Quintain Estates and Development is in advanced negotiations with residential developers to build on Millennium Square, in Greenwich, south-east London.
The £5bn, 13.2m sq ft mixed-used development will include 10,000 homes.
Quintain reported full-year pretax profit down from £16m to £15.8m because of property sales in the core investment portfolio. Turnover rose from £65.2m to £83.7m. Net asset value per share climbed from 405p to 495p. The shares closed down 27.5p at 529.5p.
References: Financial Times 08/06/05 page 24, page 48 (FT Markets – London), The Guardian 08/06/05 page 19, The Times 08/06/05 page 42 (Need to know), page 43 (Results in Brief), page 55 (Tempus), The Daily Teleg
