Quintain founder and property veteran Adrian Wyatt is to step down after 20 years at the Wembley and Greenwich peninsula developer as the “next generation” takes over, the firm said today.
Wyatt, 64, is handing over the reins as chief executive to former investment banker Maxwell James, who joined last year. Finance director Rebecca Worthington also becomes deputy chief executive. James said: “It’s now about delivery.”
Quintain is behind two of the capital’s biggest regeneration projects. It is transforming 85 acres of former exhibition lands around Wembley Stadium.
Its London Designer Outlet, which has attracted names like Superdry, is 61% let or in negotiations. Next week it submits a planning application for more than 600 homes at Peninsula Quays. Pre-tax losses were £43.5 million in the year to March 31 due to sliding property values at Wembley. Stripping out property movements, profits increased from £3.6 million to £5.8 million.
