Lone Star nears sale of most of Quintain Ireland property assets to TPG

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Lone Star nears sale of most of Quintain Ireland property assets to TPG
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Company among the initial wave of overseas investors to buy here

The planned deal will include the Quintain Ireland platform and its land holdings in Adamstown, Clonburris and Portmarnock in Dublin, which have a combined capacity to deliver 4,500 houses, according to sources, confirming a report from international property news publication Green Street News.

Quintain Ireland was initially set up with property industry veterans Eddie Byrne and Michael Hynes as joint managing directors. It decided a year later to abandon an IPO altogether and roll its massive Irish residential land bank into a new Irish arm of its UK development business, Quintain. TPG is said to be keen to acquire further sites and develop the Quintain Ireland platform further, following a rebranding of the business after a deal goes through, subject to competition approval.

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