Quintain Ltd, the Wembley Park developer, has completed the refinancing the London Designer Outlet and the 627 unit 'Ferrum' build-to-rent developement with a £233.6 million load from the Bank of America.
Philip Slavin, Chief Financial Officer at Quintain Ltd, commented:
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. Ferrum and the LDO are extremely important assets at Wembley Park and of which we are particularly proud.
5 comments:
What happens if Quintain can't repay these loans?
LDO is empty most days and the shops there don't really cater for local people.
LDO is a joke, no top designers just shops for big name brands to off load they rubbish and made for outlet rejects, does not attract the likes of Designers or visitors that Bicester Village does, and never will.
From Retail Week....
London Designer Outlet has posted its ‘best ever’ Boxing Day and Black Friday
By Chloe Mills 3 January 2025
LDO - Wembley Park
London Designer Outlet (LDO) at Wembley Park has hailed its “bumper” year thanks to the outlet’s “best ever” Boxing Day and Black Friday performances.
During 2024, the fashion and lifestyle outlet recorded a 5% increase in sales to hit more than £103m, helped by the outlet’s “strongest” Black Friday and Boxing Day on record.
LDO is better than provide nothing but high density housing the way that most developers prefer.
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