For assets operating throughout the year, the company drove a 2.6% increase in rental yields, while within the buildings that had stabilised before the pandemic, it achieved 6.5%.
Quintain Living maintained occupancy across both the market rate and discount market rental product throughout several national lockdowns in 2020, collecting an average of 98% of rents owed.
In addition, the company’s two- and three-year lease terms enabled lease lengths to reach an average of 23.4 months in December.
According to Quintain Living, its strong performance was supported by its technology platform, which offers virtual contactless viewings, 360 tours of apartments and a suite of online leasing tools.
The platform allowed the firm to attract more than 450 international residents with no in-person viewings conducted.
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Danielle Bayless, COO at Quintain Living, said: “The last couple of years have no doubt been a challenge for the whole industry, which is why Quintain Living’s performance this year comes as such as a testament to our team and our approach.
“The BTR sector is still coming of age in the UK and we have drawn on learnings from the more mature US market to ensure that, as we grow, best practices are enshrined in the way we work.
“It has clearly paid off and has allowed us to reach and surpass our ambitious annual targets.
“We look forward to seeing what 2022 has in store for us, in Wembley Park and beyond.”
James Saunders, CEO at Quintain Limited, added: “Last year’s incredible leasing performance has undoubtedly been the result of our fantastic team and bespoke training program together with our residential offer and market leading technology platform, but also of the placemaking strategy we’ve been developing for years.
“We both manage and curate the Wembley Park estate, which has allowed us to improve the quality of the public realm, but also to ensure we bring in the kind of retailers, restaurants and cafes that add to the sense of community we’ve created.
“People are attracted to both place and product and it’s crucial to look after both.”
Pictured above: Quintain's Alto development at Wembley Park