DFT visited the development recently to speak with James Saunders, CEO at Quintain.

The Natixis CIB green loan refinances out Cheyne Capital which supported the developer in the original construction phase of the project.

Called The Robinson, the BTR scheme is arranged over three blocks and comprises 458 homes with 63 of these designated as discounted rent and affordable units.

The apartments range from studios to four-bedrooms, and will be managed by Quintain Living.

As The Robinson is in the top 15% of energy efficient residential assets in the UK, it qualified for Natixis CIB green loan status.

Quintain has been developing Wembley Park for 20 years, completing over 5,000 homes in this time and is working towards creating the largest BTR neighbourhood in the UK.

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The developer, which is on track to complete two further BTR schemes in 2025, has so far invested £2.9bn in the area. This has included the delivery of a new NHS GP surgery.

Quintain was represented in this latest financing deal by A&O Shearman and BCLP acted on behalf of Natixis CIB.

Philip Slavin, CFO at Quintain commented: “The Robinson is an exemplar, stabilised BTR development at Wembley Park and its position within one of London’s most recognised new neighbourhoods has enabled us to achieve competitive terms for this refinance.

“We are particularly delighted to achieve green loan status with Natixis CIB and be recognised for our ongoing commitment to sustainable development.”

Diego Sanfilippo, head of real estate and hospitality UK, at Natixis CIB added: “This deal showcases both our firm commitment to support our clients and our proven expertise in delivering tailored solutions for high-quality assets in prime locations and clearly represents a stepping-stone to our real estate lending franchise in the UK.”