Quintain has secured a £150.9m loan from Goldman Sachs to deliver hundreds of new rental homes at Wembley Park, HA9, in west London.
The financing deal secures the development of two neighbouring plots, located next to Boxpark Wembley, within the 8,500-home Wembley Park masterplan.
It will be used towards 396 new homes, being delivered by May 2022.
James Saunders, chief executive of Quintain, said: “Many Londoners simply cannot afford the deposit to buy a new home, so a professionally managed rental service is a fundamental part of the mix of new homes being delivered in the capital.”
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