Quinlan may make bid for Chelsfield

DEREK QUINLAN has emerged as a potential bidder for the £2.2 billion (€3.1bn) British property company Chelsfield.

Mr Quinlan, who runs the Quinlan Private investment vehicle behind the purchase of the Savoy Hotel Group, could scupper a deal between Chelsfield and the Australian property firm Westfield.

Mr Quinlan, whose backers are mainly Irish high rollers, has approached the investment bank NM Rothschild, which is acting for Chelsfield.