Bibby Finance Bibby Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Tue April 24 2018

Related Information
Related Information
Related Information
Related Information

News » UK » Quintain agrees finance for Wembley Park » published 13 Apr 2018

Quintain agrees finance for Wembley Park

Developer Quintain has secured finance for its second build-to-rent apartments development at Wembley Park.

Alto apartments ar Wembley Park Above: Alto apartments ar Wembley Park

Quintain has agreed a £36m five-year loan from TH Real Estate for its Alto development, accelerating the development of the Wembley Park Masterplan.

Quintain is delivering the UK’s largest build-to-rent development at Wembley Park with more than 5,000 homes managed by its residential management company, Tipi.

Finance director Michael Jenkins said: “This financing represents an important milestone for Quintain and Tipi, marking the completion and leasing of our second build to rent development. The deal is a clear indicator of the confidence that lenders have in Quintain and our ability in the sector. We are building rental homes faster than any other developer and transforming Wembley Park into a world class destination for Londoners to live, work and visit.”

Jason Rodrigues, vice president of debt strategies at TH Real Estate, said: “TH Real Estate recognises the long-term fundamentals driving the growth in the build-to-rent sector and is delighted to support Quintain and its best-in-class Tipi platform with the financing of this attractive, modern scheme.”

 

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 13 Apr 2018 (last updated on 13 Apr 2018).

More News Channels