The loan represents a significant deleverage on the existing facility and refinances out Cheyne Capital, who supported Quintain by providing the original development financing for the construction and remain involved in other financings across Wembley Park.
The Robinson is arranged across three blocks comprising 458 homes including 63 discount market rent and affordable units, ranging from studios to four-bedroom apartments. The development is managed by Quintain’s award-winning management team at Quintain Living. Designed with sharers in mind, the development is in the Eastern Lands at Wembley Park in a prominent position next to the National Stadium and adjacent to Quintain’s Canada Gardens.
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Since breaking ground on Wembley Park 20 years ago, Quintain has completed more than 5,000 homes and is working towards creating the largest BtR neighbourhood in the UK, investing £2.9bn to date. This year saw the delivery of a new NHS GP surgery at Wembley Park, the largest GP surgery in the Borough of Brent, further strengthening the community-first mixed use masterplan. Quintain is on track to complete two further BtR schemes in 2025, plus a major new public park.
As a result of being within the top 15% of residential assets in the UK in terms of energy efficiency (as expressed in kWhPED/m²) The Robinson also qualifies for Natixis CIB Green Loan status. Achieving this status demonstrates that Quintain’s sustainability actions and commitments are financially viable and contributions are creating value for lenders.
Quintain was represented by A&O Shearman and BCLP acted for Natixis CIB.
