Quintain is to accelerate its development of the Wembley Park 'Masterplan' after securing a £36 million five-year investment loan from TH Real Estate.

The funding will be used to deliver Quintain's second build-to-rent Alto development at the site, as well as helping to deliver further build-to-rent buildings in 2018 and beyond.

The developer is delivering the UK's largest build-to-rent development at Wembley Park with over 5,000 homes managed by its residential management company, Tipi.

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Jason Rodrigues, Vice President of Debt Strategies at TH Real Estate said: "TH Real Estate recognises the long-term fundamentals driving the growth in the build-to-rent sector and is delighted to support Quintain and its best-in-class Tipi platform with the financing of this attractive, modern scheme.”

Michael Jenkins, Finance Director at Quintain, said: "This financing represents an important milestone for Quintain and Tipi, marking the completion and leasing of our second build to rent development. The deal is a clear indicator of the confidence that lenders have in Quintain and our ability in the sector. We are building rental homes faster than any other developer and transforming Wembley Park into a world class destination for Londoners to live, work and visit."

(LM)