LONDON-Quintain has strengthened its grip on development opportunities at Wembley and on the Greenwich Peninsula with two more site acquisitions.

At Wembley in North-West London Quintain has bought York House, a 118,000-sf office building, for £15.3 million ($26 million), reflecting an initial yield of 8.7%. As a result of this, the company now owns 58 acres surrounding the new National Stadium at Wembley. Earlier this year a planning application was lodged for fivemillion sf of mixed-use development on 42 acres of the site.

And in East London, Quintain has bought a 12.6-acre site across the Thames from the Greenwich Peninsula in a joint venture with the London Development Agency. The land is currently safeguarded as part of the approach route to the mooted for a third Blackwall Crossing and is leased back to Carlsberg-Tetley for a minimum of three years.