Quadrise Share Discussion Threads

[r ball] 02/4/2013 08:25

And after a pause: we resume. Narrowing of discount??

[quepassa] 25/3/2013 08:58

Far too cheap in my view at 40% discount to NAV, especially in a strongly rising market for London residential development combined with new Govt initiatives on Help to Buy for mortgages up to £600k.

Flight money and City money will be circling Greenwich high-end apartments/houses.

Last week SONGBIRD ESTATES reported an UPLIFT in valuation of 9.9% in their retail portfolio and an overall UPLIFT in portfolio valuation of 4.1%.

It would seem to me to be distinctly possible/likely that Quintain may also show an increase in portfolio valuation this year. Quintain can but benefit from further development and growth at Canary Wharf bringing more residents and influence to the modern financial hub of London and Europe.

SONGBIRD make very upbeat comments about Canary Wharf which is based immediately across The Thames to Quintain's Greenwich Peninsular development.

Much more encouraging and improving sector back-drop for sector and Quintain

ALL IMO. DYOR.

QP

[scburbs] 20/3/2013 17:44

As you can see from the Property Week headline, these are very real improvements for the housing market.

"Budget 2013: "Dramatic" measures to boost housing supply"

[scburbs] 20/3/2013 15:05

A 5 year interest free loan on new builds below £600k will be very good for flat sales at both Greenwich (Southern section) and Wembley and some of the smaller Peninsula Quays flats. It also has the advantage of making new build much more attractive to buyers compared to existing housing stock. Very good news for QED IMV.

"introduce a major new housing scheme, Help to Buy, with two key elements. First, from April 2013, the Government will extend First Buy to all those who aspire to own a new build home. The Government will provide an equity loan worth up to 20 per cent of the value of a new build home, repayable once the home is sold, and significantly widen the eligibility criteria to ensure as many people as possible are able to benefit, including increasing the maximum home value to £600,000 and removing the income cap constraint"

[quepassa] 20/3/2013 13:35

Help-to-Buy initiative just announced in 2013 Budget by Osborne is excellent news for house-builders and will be of great value to Quintain.

The government assistance on obtaining mortgage deposits will be an enormous help to stimulate home-buying.

ALL IMO. DYOR.

QP

[911man] 20/3/2013 10:33

Clearing out a seller by the look of things.

[aberdare] 19/3/2013 16:47

mykai more to the point why did it drop on friday.

[mykai] 18/3/2013 10:59

not complaining but why up on a day like today any news due that i have missed

[scottishfield] 15/3/2013 18:55

Ut 62p ? any ideas why?

[r ball] 13/3/2013 20:29

the old adage applies: better to travel then arrive.

expect price to settle around 65p and be 80p by September. all the best

[scburbs] 13/3/2013 14:36

The Greenwich presentation has some important clarifications of the time line for Peninsula Quays (planning towards end of FY 2013/14 and on site 2014) and indication that there is a £51m grant to aid with the affordable housing in the Southern section.

The anticipated 30% price differential (£500-700 psf Southern vs £650-900 psf Peninsual Quays) gives you an indication that the switch to no affordable housing in Peninsula Quays will do a lot for the overall profitability.



One thing that comes across loud and clear is that QED have a lot of residential property in the pipeline at both Wembley and Greenwich over the next decade and beyond.

[quepassa] 11/3/2013 15:25

Link to today's presentation for the analyst/investor trip to Wembley:-






ALL IMO. DYOR.

QP

[quepassa] 11/3/2013 09:58

On 6th. March, JP Morgan Caz REITERATED their OVERWEIGHT RECOMMENDATION with an INCREASED NEW TARGET PRICE of 80p.

ALL IMO. DYOR.

QP

[scburbs] 06/3/2013 16:34

"According to Jones Lang LaSalle, more than 7,300 new homes exchanged in central London in 2012 - a 50% increase year-on-year.

The prominence of overseas buyers has been a driving force, with Asia-Pacific purchasers still leading the pack. However, other purchasers from areas such as the Middle East and Turkey followed closely in their footsteps.

...

On average central London price growth across core and outer-core locations rose by 3.5% in 2012. Core locations experienced an average 4.1% rise while outer-core areas posted a 2.9% increase.

Jones Lang LaSalle predicts average price rises of 2% in 2013 accelerating towards 8% pa by 2016."

[scburbs] 01/3/2013 20:32

Further indications of how profitable the London resi market is at the moment.

"Galliard Homes sold 80 unbuilt Docklands flats in Singapore last weekend at an average price of £500,000 each.

Galliard boss Stephen Conway says he has never sold so many off-plan in one day -at least, not since 1994

...

Conway and Paul White paid £30 million for the site six weeks ago. Subtract that and £100 million building costs from £175 million and the result should be a profit of £45 million."

[scottishfield] 01/3/2013 16:24

Yes, tks scburbs

[quepassa] 01/3/2013 16:23

Excellent news. Thanks for posting it.

Building into a rising market with stunning Thames water-front properties. Further adding to the strong momentum at Greenwich. - This development will be a real winner.

It will be interesting if/when they start selling off-plan.

This is the full announcement on Quintain's website. Surprised they did not do a formal RNS.

Not to be missed:-



ALL IMO. DYOR.

QP

[scburbs] 01/3/2013 14:59

A reminder of how much these new developments are going to cost QED to build - it's somewhere between nil and a negative amount (refund of infrastructure works). All the money is coming from Knight Dragon at LIBOR + 5%.

An efficient use of shareholder funds!

[scburbs] 01/3/2013 14:56

All seems to have gone through. The article doesn't specifically mention the s106 amendment, but I think they were all interlinked so logically the amendment to zero affordable housing in Peninsula Quays must also have passed.

"Quintain has been given the go-ahead for a 506-home development on the southern quarter of its £5bn Greenwich Peninsula regeneration site, SE10.

...

Max James, chief executive of Quintain, said: "This decision paves the way for construction work to start on site this summer delivering new jobs and homes; a positive step in transforming the vision for Greenwich Peninsula into reality."

Construction will begin in summer 2013, with completion expected in early 2015."

[quepassa] 27/2/2013 08:32

Fingers crossed. Good post.

QP

[scburbs] 26/2/2013 14:26

Greenwich planning meeting is Thursday evening. S106 renegotation of planning (0% affordable housing for Peninsula Quays being very important to value given this is the prime resi site) and also on the agenda is a number of the resi plots.

"The proposal forms part of a strategy that will significantly accelerate the
speed of residential development on the Peninsula and secure all affordable
rented housing at target rents in perpetuity. The proposed variation would
reduce the amount of affordable housing to be provided on the 11 plots from
38% to 25% by habitable room. No affordable housing would be provided on
four plots of Peninsula Quays. Delivery of the development of the 11 plots
comprising approximately 3100 homes would be accelerated so that they
were complete by the end of 2019.

...

The proposal is considered acceptable and it is recommended for approval."

[tinytim30] 22/2/2013 18:45

just a quick note that henderson have been buying capital and reginal CAL. as they have been selling QED

[huttonr] 18/2/2013 17:03

The share price does seem very firm now - Henderson have sold some 25M shares while the price has continued to rise - so there must be very solid demand out there.