Quintain has made a senior Lloyds Bank hire to accelerate its finance programme for Wembley Park.
The BTR developer has recruited Richard MacDowel to the role of group treasurer, a newly created position.
MacDowel joins after more than a decade at Lloyds Bank, where he was latterly head of corporate real estate for just over a year. He joined Lloyds in 2009 after three years at Chicago-based property services company DTZ, which merged with Cushman & Wakefield in 2015.
MacDowel said: “I join at an important time for the business, as it further develops the Wembley Park project. The build-to-rent funding market in the UK is still nascent, and it is exciting to be a part of the team that is at the sector’s vanguard and looking to establish new funding templates.”
Wembley Park is on track to be the largest single-site purpose-built BTR development in the UK. The result will be 85 acres in north-west London under single ownership, with more than 8,000 homes alongside over 1 million sq ft of offices and more than 70 shops.
Quintain has just agreed a new financing package with Cheyne Capital to develop hundreds more homes at Wembley Park. The £172.5m development loan will support the construction of 458 homes south-east of Wembley Stadium.
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