Almacantar SA, the real estate company run by Mike Hussey and Neil Jones, is in exclusive talks to build homes on part of Lord’s Cricket Ground in the wealthy London neighborhood of St. John’s Wood.

Marylebone Cricket Club selected Almacantar from among three bidders to potentially build the homes as part of the development of the Wellington Road side of the ground, according to a statement released late yesterday on Lord’s website. The talks may also involve improving conference and dining areas and an indoor training center for the sports ground.

The 220-year-old cricket club, which hosts matches and promotes the sport across Britain and overseas, plans to increase seating at the ground and improve facilities for members and spectators.

Almacantar was established last year by Hussey, former director in charge of Land Securities Group Plc’s London real estate, and Jones, the former head of continental Europe at Grosvenor Group Ltd., the property company controlled by family trusts of the Duke of Westminster. They received backing from Italy’s Agnelli family and other investors.