• The funding will support the development of two adjoining sites, NW09 and NW10, in the Wembley Park Masterplan
• The scheme will deliver 396 homes, including 117 affordable homes, all of which will be managed by Quintain’s lifestyle-focussed rental brand, Tipi
• Quintain’s rental portfolio at Wembley Park will see another 1,700 homes brought forward this year towards a total of 5,000 rental homes by 2027

Quintain, the developer behind the transformation of Wembley Park, has successfully completed a £150.9m financing package with Goldman Sachs to deliver 396 new rental homes across three new buildings at the North West London site.
The financing deal secures the development of two neighbouring plots (NW09 and NW10), located next to Boxpark Wembley, within the 8,500 home Wembley Park masterplan. NW09 and NW10 will also include 117 affordable homes pepper potted through the scheme, all of which will be managed by Tipi, Quintain’s lifestyle-focused rental brand. Due for completion in May 2022, the buildings will range from seven to 21 storeys and feature all the latest design elements for Build to Rent.
A generous landscaped courtyard with a children’s play area will be provided at first floor level and the development will also benefit from a broad range of retailers and over 1,300m2 of community space, which is earmarked as a GP surgery. The shared social spaces within the development are designed to be as flexible as possible to allow multiple uses for living, working and entertaining, aimed at families and sharers. McLaren were awarded the construction contract, following a selection process as part of Quintain’s contractor framework and their fourth development at Wembley Park.
Wembley Park is one of London’s biggest housing delivery schemes with over 3,200 homes currently under construction. Tipi currently manages over 1,200 rental homes at Wembley Park, with another 1,700 to come to market this year and the total to reach 5,000 by 2027. Wembley Park in 2020 will host both the launch of the London Borough of Culture and the Euro 2020 Football Championships.
James Saunders, CEO at Quintain said:
“Completing our latest funding round with Goldman Sachs marks a fantastic start to 2020. Their teams’ understanding of the Build to Rent (BtR) market and adaptability has enabled us to secure a financing structure tailored to our specific needs. The funding will continue the transformation of Wembley Park as we head into one of our most exciting years yet with Euro 2020 and the launch of the London Borough of Culture over the comings months.”
Chris Semones, at Goldman Sachs said:
“We are delighted to be backing Quintain in Wembley Park. This transaction continues our originate-to-hold strategy for large loans against high quality projects with excellent sponsorship. In particular, this loan extends our recent track record of investing in U.K. BtR projects that are supported by strong underlying demand fundamentals. This transaction brings our total European credit investing over the past three years to $1.4bn through our real estate debt funds, Broad Street Real Estate Credit Partners.”
The backing from Goldman Sachs marks Quintain’s third successful financing deal over the last 12 months, with a total of £438.5m secured since March 2019.
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For all media enquiries:
Harriet Pask, Quintain
Telephone: +44 (0) 20 3219 2200
Email: [email protected]
Anna Whitton, London Communications Agency
Telephone: +44 (0) 7850 293670
Email: [email protected]
Chris Semones, GS
Telephone: +44 (0) 20 7774 4069
Email: chris.semones@ gs.com