The £2.5bn Wembley PRS sale: Quintain’s push for scale

Quintain’s investment memorandum for the £2.5bn sale of the UK’s largest PRS development includes detailed proposals for expanding the business to a 30,000-flat operator by 2028.

A sale of Quintain and its 5,000 PRS homes at Wembley by Lone Star was revealed in March. The £6.5bn scheme, which could have up to £200m of income when stabilised, would be one of the largest-ever single-site sales in the UK and would dwarf any other residential deal.

It would also give instant scale to an investor in a sector where many are clamouring for units.