Quintain has sold two affordable housing blocks at Wembley Park to Legal & General Affordable Homes for £62m.
L&G acquired 213 affordable rented flats across the Vantage and Bowery developments in Wembley.
The buildings are currently under construction with 114 New York loft-style apartments at the Vantage development due for completion next month, and a further 99 flats at the Bowery schemes in Q4.
Ben Denton, managing director at Legal & General Affordable Homes, said: “Despite the uncertain environment, we continue to make important steps forward in growing our development pipeline and welcoming new residents to our schemes.
“As a spotlight has been shone on homelessness in the current crisis, continuing to provide homes which are affordable and well managed has never been more vital.”
JLL advised Quintain.
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