Quintain sells regional portfolio

Quintain Estate, the property developer behind two vast regeneration schemes in Greenwich and Wembley, said yesterday it has sold its regional investment property for £39m as it looks to strengthen its focus on the London market. Palace Capital, an AIM-listed firm, has conditionally exchanged contracts to buy SeQuel, along with an additional property, Gelderd Point in Leeds. Palace has launched a £23.5m share placing to part-fund the deal.