03 January 2025: London Designer Outlet celebrates bumper 2024 as outlet retail continues to thrive London Designer Outlet celebrates bumper 2024 as outlet retail continues to thrive. - The designer outlet reported a 5% rise in sales during 2024, including its best Black Friday and Boxing Day ever with over £3.4m taken during the Christmas week. - The past 12 months saw 11 new lettings and relocations totalling 15,759 square foot. - Footfall grew by 2% thanks to another action-packed events calendar at Wembley. London Designer Outlet (LDO) has announced that during the course of 2024 sales figures grew by 5% to over £103m. The designer outlet, located in Wembley Park, has attracted shoppers from across London and beyond throughout the last 12 months with footfall increasing by 2% with over 5.4 million people visiting LDO.
4 December 2024 - Quintain secures £128m loan on BtR development at Wembley Park. Quintain, the developer behind Wembley Park, has successfully completed the refinancing of a trophy build-to-rent (BtR) building at Wembley Park with a £128.7 million Natixis CIB green loan. The loan represents a significant deleverage on the existing facility and refinances out Cheyne Capital, who supported Quintain by providing the original development financing for the construction and remain involved in other financings across Wembley Park. The Robinson is arranged across three blocks comprising 458 homes including 63 discount market rent and affordable units, ranging from studios to four-bedroom apartments. The development is managed by Quintain’s award-winning management team at Quintain Living. Designed with sharers in mind, the development is in the Eastern Lands at Wembley Park in a prominent position next to the National Stadium and adjacent to Quintain’s Canada Gardens.
1 October 2024: Cultural and entertainment growth push Wembley Park’s footfall to record levels in summer 2024 Over 2.8 million people visited Wembley Park this summer, surpassing pre-pandemic footfall by 18%. Wembley Park station outpaced popular central London tourist hubs over the summer. Wembley Park set to build on this success with Coldplay, Oasis and Dua Lipa to play sell-out shows at Wembley Stadium in summer 2025. New cultural offerings including public art across the Wembley Park neighbourhood, Starlight Express and Punchdrunk Enrichment, drive growth Wembley Park continues its rise as one of London’s most dynamic cultural destinations, with record-breaking visitor numbers recorded this summer. Official footfall data provided by Transport for London (TfL) reveals that exits at Wembley Park Underground Station increased by 18.2% on pre-pandemic levels, reaching 2,868,000 units between June and August 2024, against the same period in summer 2019. Wembley Park ranked within the top 5% out of 434 stations operated by TfL, ahead of many prime central London locations.
24 September 2024: London Designer Outlet posts record-breaking August sales surpassing £10m Record-breaking August sales totalling £10,072,410 This marks an increase of 12.5% compared to August 2023 and the strongest-ever sales outside of December Best summer performance on record, with total sales of £28,759,855 for June, July, and August 2024 Green Day fans outspend Swifties and Springsteen fans with sales totalling £558,550 on Green Day concert days 23 September 2024: London Designer Outlet (LDO), the capital's leading fashion and lifestyle outlet destination, has today announced its strongest-ever sales performance outside of December, with August sales totalling £10,072,410. With a 12.5% boost on 2023’s record-breaking August, the figures top off a blockbuster summer for the LDO as 2024 saw the best-performing summer on record for June, July and August, reaching £28,759,855 in sales. This can in part be attributed to the programme of major shows hosted at Wembley Stadium including Taylor Swift, Bruce Springsteen, AC/DC, and Green Day.
Ares and Lone Star equity deal secures new capital commitment for Quintain at Wembley Park LONDON – JULY 30 2024 – Quintain Limited is pleased to announce a £755 million preferred equity commitment in its award-winning developments, led by funds from Ares Management Corporation (NYSE: ARES) (“Ares”), managed by Ares’ Alternative Credit strategy. Quintain is owned by funds managed by Lone Star Funds (“Lone Star”), which will be contributing £337 million to the preferred equity instrument. With over £2.8 billion of investment to date, Quintain has transformed the Wembley Park estate in London into a premier mixed-used neighbourhood, with circa 5,000 homes, leading retail, modern office space, and acres of parks and pedestrianised public realm. “Quintain is delighted to have Ares’ backing as a new partner, whilst maintaining our longstanding partnership with Lone Star, to continue to develop the world-class Wembley Park estate which already is home to the largest multifamily/build-to-rent community in the UK,” said James Saunders, CEO of Quintain. “This is a significant next step in the evolution of Quintain’s development of Wembley Park under Lone Star’s ownership. Wembley Park is one of the largest build-to-rent schemes in the UK and a great example of ambitious place-making. In Ares, we have found a like-minded partner, and together we look forward to taking this iconic asset to its next exciting phase,” said James Riddell, Co-Head of European Real Estate at Lone Star.
