Over 70% of contracts for London Designer Outlet are now exchanged or in solicitors’ hands ahead of the opening at the end of October, say Quintain in their interim financial statement.
They have agreed 11 new lettings since May. Fit-out of the cinema and restaurant units is taking place and preparation is underway for the October opening, ahead of the full launch in the new year.
The opening will coincide with the launch of the new ‘Wembley Park’ brand, which is designed to underpin the first major phase of residential development on the site. The detailed planning application for these homes will be submitted this autumn and construction is anticipated to start next year.
Brent Civic Centre, which faces the Stadium and Arena, opened on 10 June. This has brought 2,000 employees to Wembley Park along with exhibition space, a new library and conferencing facilities, creating increased animation at the heart of the development. London Borough of Brent expects the Centre to attract one million people to the area every year.
Max James, Chief Executive of Quintain, commented: “At Wembley, we are delighted with progress at London Designer Outlet, which is now over 70% let ahead of opening later this year and well placed to become a vibrant new retail and leisure experience for Londoners. We will shortly be submitting plans for the first phase of new homes at Wembley, under the new ‘Wembley Park’ brand.”