The loan has been gained from Bank of America with Quintain refinancing both assets.

LDO has an annual footfall of 16.4 million people a year, generating £103m in sales over 2024 which was 5% higher than the year before.

This latest facility follows a £128m green loan for a BTR scheme at the Wembley Park scheme.

•   Quintain secures £128m green loan for Wembley BTR scheme
•   Quintain secures new lending facility from JP Morgan and Cheyne Capital

Commenting on its plans for the asset, managed by Multi-Realm, Quintain is expecting to attract more brands to LDO in 2025.

The Ferrum development hosts 627 BTR homes and was completed in phases in 2019 and 2020. It is managed by Quintain’s management business, Quintain Living.

Quintain was represented by DAC Beachcroft and AOS Finance, Mayer Brown acted for Bank of America.

“Whilst this is not the first facility we have secured from Bank of America, it is certainly our largest and represents an ongoing, positive relationship,” said Philip Slavin, CFO at Quintain. “Ferrum and the LDO are extremely important assets at Wembley Park and two we are particularly proud of.”