From Quintain Ltd
New loan to Quintain to support the
stabilisation of two new Build to Rent developments in Wembley Park
United Kingdom, 1st June 2026 – Venn, a leading investment manager with a strong focus on European residential real estate, together with vertically integrated owner, operator and developer, Quintain, is pleased to announce the funding of a new loan totalling GBP188.8 million under the Private Rented Sector Guarantee Scheme (“PRSGS”, “the Scheme”), which Venn manages on behalf of the UK Government.
The loan was funded through a public tap of the Scheme’s existing 2030 floating rate bond series, which is guaranteed by the UK Government. The public process attracted strong institutional demand, achieving an attractive spread of 50 basis points over SONIA. Proceeds from the bond issuance are on-lent directly to the Quintain borrower, and this funding cost contributes to an all-in interest rate that provides the Build to Rent (“BTR”) sector with cost-effective capital at scale, aligned with borrower requirements in the current market.
This transaction is the second PRSGS transaction funded since March 2026 and demonstrates the Scheme’s continued ability to provide stable funding and transaction certainty under otherwise volatile market conditions. Under the Scheme, Venn has approximately GBP1.5 billion of further lending capacity to support the sector.
The £188.8 million loan has been provided to Quintain and will finance two neighbouring BTR assets, Luna and Solar, located within Wembley Park in North-West London. The assets, which comprise in total 665 homes, form part of Quintain’s 85-acre residential-led mixed-use estate and are operated under the award-winning Quintain Living platform.
Luna and Solar represent the two most recent additions to the Wembley Park residential offering. Their delivery marked 6,000 homes of all tenures completed by Quintain across the estate, over half of which are BTR and operated by Quintain Living. As with the existing Quintain Living portfolio, these assets deliver high-quality rental accommodation within a well-established, professionally managed neighbourhood. Both assets reached practical completion in 2025 and are currently in the process of stabilisation, benefitting from the expertise of Quintain Living’s mature operational platform and strength of the wider mixed-use estate.
The buildings have strong sustainability credentials, aligned with HQM 4 Star ratings and supported by an industry-leading embodied carbon assessment that outperformed LETI benchmarks. Alongside Luna and Solar is the delivery of Wembley Park’s second performing arts-based community centre and a new headquarters for the Royal Philharmonic Orchestra, with both buildings achieving BREEAM Excellent.
For further information on the Scheme and how to apply, borrowers should contact PRS@Venn-Partners.com
The PRSGS Scheme extract (Full version on Government website HERE)
1. Project Eligibility
1.1 The objective of the Private Rented Sector Guarantee Scheme is to provide loans that contribute to development of (or conversion to) purpose built homes for private rent in the United Kingdom.
1.2 On application, sponsors need to set out how the PRSGS loan will promote this objective.
1.3 Loans will fund projects that deliver new build or converted private rented homes
1.4 Minimum size of project: Total project to have a minimum value of £10m. However, the “project” can comprise more than one site, which cumulatively meet the minimum value requirement.
1.5 Units must be used for private rent for the period of the debt guarantee.
1.6 Applicants will need to detail how property and tenant management services will be provided.
1.7 Borrowers will need to be classified to the private sector, or a Private Registered Provider as defined in the Housing and Regeneration Act 2008 Section 80(3) (or equivalent in the Devolved Administrations).
1.8 Properties will need to be located in the United Kingdom.
