Quintain exchanges as NAV falls

Quintain says it has exchanged contracts with the London Borough of Brent for the sale of 1.75 acres, to enable the development of a Civic Centre at the Northern part of Wembley City scheme.

This announcement was made at the same time as the developer gave its results for the year to 31 March which showed NAV fell to 584p, down from 660p last year – but total return was 3.9%, ahead of the IPD level of -8.5%.

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