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London Designer Outlet Defies Retail Market Trends to Boast Record-Breaking January Trading. London Designer Outlet has recorded the best January performance on record with sales totalling over £6.5m Sales were up 27.6% on 2022 and 14.6% on pre-pandemic (2019). The average transaction value (ATV) was up 17.8% in January versus pre-pandemic levels. The figures demonstrate price-conscious consumers’ demand for deals and solidifies the enduring outlet model in the continued face of the cost-of-living crisis.
Quintain finalises £277m financing deal with J.P. Morgan to deliver two new Build-to-Rent residential buildings at Wembley Park 28 Sep 2022 The £277m deal is Quintain’s largest development loan to date, delivering 769 new homes. 74% of the homes delivered will be build-to-rent, the balance including shared ownership, affordable rent and discount market rent homes, with both residential buildings expected be completed by early 2025. Long term partners Quintain and John Sisk & Son have also signed the largest construction contract to date at Wembley Park of £227m for the residential development and the completion of a new 7-acre park.
Quintain signs its single-largest construction contract to date at £227m to deliver a further 769 homes at Wembley Park 28 Sep 2022 This fixed cost contract with long term partner John Sisk & Son will deliver two new residential buildings at plots NE02 and NE03 alongside the completion of the first park in Wembley for over 100 years. The completion of the two buildings, covering 9,593m in total, is expected in early 2025, with 74% of the homes to be Build to Rent alongside over 100 affordable homes of mixed tenure. This landmark contract signing is testament to Quintain’s success at Wembley Park over the past 20 years and continued momentum at the 85-acre site.
Quintain achieves stabilisation across entire BtR portfolio of 3,255 homes at Wembley Park 28 Sep 2022 Award-winning Build to Rent (BtR) operator Quintain Living enjoys exceptional year to date and reaches 99.5% lease level across its entire portfolio. Quintain Living’s portfolio at the iconic 85-acre Wembley Park site is now stabilised across all nine existing residential developments, and occupancy is over 97%. Repton Gardens, Quintain’s next development of 396 homes, arrives in December 2022, and work is already underway at the next phase of Wembley Park, North East Lands. Quintain Living is actively seeking third-party management opportunities across the UK, with a view to having 10,000 homes under management in the medium term.
Quintain launches Samovar Space at Wembley Park 31 Oct 2022 The purpose-built space, located at the foot of the new Olympic Steps, was designed for and by young people, created by apprentices as part of the London School of Economics (LSE) Apprenticeship in City Design. The space was delivered in partnership with architects Flanagan Lawrence and includes art by Lois O’Hara, as well as places for young people to hang out, create and communicate. Samovar Space was launched as part of a drop-in community event on Saturday, 22 October, attended by local residents, LSE apprentices and programme lead at LSE, Dr Julia King.
Quintain achieves Platinum WiredScore certification for its entire operational Build to Rent portfolio and office building, The Hive, at Wembley Park. 2 November 2022 Quintain’s entire operational Build to Rent (BtR) portfolio at Wembley Park and office building, The Hive, have been awarded a WiredScore Platinum certification. Quintain is the first to have achieved a Platinum WiredScore certification across an entire residential portfolio. The Platinum certifications awarded to Quintain’s BtR buildings make up 22 out of just 45 Platinum certified residential buildings worldwide, making Quintain a leader in this field.
