Quintain has completed the refinancing of London Designer Outlet (LDO) and its Ferrum build-to-rent (BTR) development at Wembley Park with a £233.6m loan from Bank of America.
Managed by specialist outlet operator Multi-Realm, the 265,000 sq ft LDO comprises 70 outlet stores, restaurants and coffee shops, and reported more than £103m of sales in 2024, up 5% on 2023.
The Ferrum development provides 627 BTR homes and was completed in phases in 2019 and 2020. Ferrum is part of a four-block scheme close to White Horse Square and is managed by Quintain’s management team Quintain Living.
Philip Slavin, chief financial officer at Quintain, said: “Whilst this is not the first facility we have secured from Bank of America, it is certainly our largest and represents an ongoing, positive relationship. Ferrum and the LDO are extremely important assets at Wembley Park and two we are particularly proud of.”
Quintain was represented by DAC Beachcroft and AOS Finance. Mayer Brown acted for Bank of America.
