International law firm DAC Beachcroft has advised Quintain on the completion of a multi-million pound refinancing deal.

Quintain has secured a £233.6 million loan from Bank of America, for the refinancing of its London Designer Outlet and its Ferrum build-to-rent development.

Both assets are located at Wembley Park, which is the development and asset management company's 85-acre development in northwest London.

The DACB team advising Quintain was led by Senior Associate Cathryn Lyle and Partners Alison Key and Steven Pitchford.

Philip Slavin, CFO at Quintain, 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."

Alison Key, head of DACB's Real Estate team and Client Relationship Partner for Quintain, commented, "We are delighted to have once again supported Quintain on such a significant transaction. The result is testament to the expertise that our multi-disciplinary team continues to provide within the London commercial real estate market, and across the UK."

In January 2024, a DACB team also advised Quintain on the sale of two build-to-rent developments at Wembley Park to KKR, as part of the global investment firm's European core-plus real estate strategy.