Quintain buys Aldermary House for £40m

QUINTAIN has made its first foray into the City office market after snapping up Aldermary House for £40m. The developer, best known for its huge regeneration scheme in Wembley, said yesterday it had bought all the units in the Aldermary House Unit Trust, which owns the leasehold to the ten storey building at 10-15 Queen Street. The rental income is approximately £2.5m.