Cheyne Capital has backed Quintain’s Wembley Park build-to-rent development with a second round of financing worth £172.5m.

The latest investment injection will support the development of three blocks being built in what is called the Eastern Lands quarter, featuring 458 homes and space for coaches and cars, which is being part funded by Homes England.

The blocks will range in height from 10 to 21 storeys and once completed will be run by Quintain’s residential management arm, Tipi.

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