The US private equity owners of Quintain are locked in a stand-off with a consortium led by the UK property company Delancey over a potential £2bn sale of the company.
Quintain owns one of London’s largest residential development sites at Wembley and has attracted interest from a series of international investors since it was placed on the market by its owners, Lone Star, earlier this year.
The Delancey-led consortium has emerged as the leading bidder for Quintain but has not so far moved formally into exclusive talks with Lone Star as the parties wrangle over pricing, according to three people briefed on the sale.
