• Award-winning Build to Rent (BtR) operator Quintain Living enjoys exceptional year to date and reaches 99.5% lease level across its entire portfolio
• Quintain Living's portfolio at the iconic 85-acre Wembley Park site is now stabilised across all nine existing residential developments, and occupancy is over 97%
• Repton Gardens, Quintain's next development of 396 homes, arrives in December 2022, and work is already underway at the next phase of Wembley Park, North Eastern Lands.
• Quintain Living is actively seeking third-party management opportunities across the UK, with a view to having 10,000 homes under management in the medium term

Quintain Living, the property management team of developer Quintain, has reported a strong performance year to date in 2022, with occupancy reaching just over 97% across its whole BtR portfolio.
The entire portfolio of nine residential developments across Quintain's 85-acre Wembley Park estate has now reached 99.5% lease level.

The company has seen 1,698 move-ins to its BtR homes this year to date, a 59% growth on the same period last year. There have been 1,680 net reservations, a 44% increase on the same period last year, and the conversion rate from viewings to reservations has grown to 57%, marking a 15% increase. Average lease lengths continue to be approximately 16.5 months, and 41.5% of gross reservations so far this year were taken by residents following our digital leasing journey, having not stepped foot on site.

Danielle Bayless, COO of Quintain Living, said: “This is a huge accomplishment for the entire Quintain Living team, and is testament to the strength of demand for our quality product and award-winning customer service. As a growing business, with an equally growing reputation as a quality manager and operator of Build to Rent homes, hitting these strong numbers shows exactly what BtR can bring to the UK market and how it differs from a traditional rental model.”
Quintain Living has also completed the lease up of its most recent BtR development, the 381-home Madison building, in under five months, with the Discount Market Rent (DMR) provision being leased in only three months. Total leasing for the building is at 100%.

Quintain Living's next residential building at Wembley Park, Repton Gardens, is due to launch in December 2022, bringing another 396 homes into the BtR portfolio.
In February, Quintain announced that work had commenced on North East Lands, the next district of the Wembley Park neighbourhood, which will comprise over 2,000 homes and Union Park, Wembley's first new park in over 100 years. Planning permission has been secured for the first phase of this district, which will provide 769 new homes, 201 of which will be affordable within a range of tenures with the first buildings completing in Q1 2025.

-ENDS-
For more information contact:
Harriet Pask / Annabelle Young, Quintain Telephone: +44 (0) 20 3219 2200 Email: comms@quintain.co.uk
Jesse Peacock, London Communications Agency Telephone: 07931123143
Email: jwp@londoncommunications.co.uk

Notes for the Editor
• Quintain is the award-winning development and asset management company behind Wembley Park, one of London's most exciting new neighbourhoods and is the third largest residential developer in Ireland.
• Established in 1992, Quintain acquired its interest in Wembley Park in 2002. To date, the 85-acre development has seen over £2.5bn invested and welcomed over 16 million visitors in 2019.
• Asset management has been one of Quintain's key strengths for the last 20 years, not only for its wholly owned properties, but also in joint ventures and for third party landlords.
• Quintain has been managing residential properties on behalf of other landlords at Wembley Park since 2008. Its success in this market led to the 2016 launch of award-winning residential management business, Quintain Living, now focused on the management of Quintain's institutional quality, Build-to-Rent (BtR) asset and property management platform and pipeline.

www.quintain.co.uk
www.quintainliving.com
www.wembleypark.com