Quintain Estates & Development have relaid out their plans for developing Wembley City in their results statement.
Quintains flagship scheme covers 87 acres around the National Stadium and Arena. Phase One of the continuing development covers the next three years, during which, say Quintain, “the weight of development activity at Wembley will be focused on achieving critical mass on this first phase of development, referred to as the Western Core.
In addition to the existing 520 homes, 106,000 sq ft office building, Plaza Hotel and 12,500-seat Wembley Arena, this phase will include: a four star Hilton International Hotel; accommodation for 661 students; 220,000 sq ft of retail; and a nine screen Cineworld cinema.
Construction of the new Hilton International Hotel is scheduled to begin in the Autumn, with a view to opening in 2012. Originally designed to offer 441 rooms, agreement has been reached with Hilton to reduce the number of rooms in the new hotel to 358, to “deliver optimum occupancy rates, and create a destination Sky Bar on the top floor”.
Groundworks and an extensive pre-construction programme have been undertaken on the student accommodation plot next to the new Hilton, for which Quintain are seeking a forward sale. Construction on this plot is scheduled to conclude at the same time as the hotel, and woill bring 661 students to the area.
Cineworld have signed to operate a cinema at the site, and marketing for the retail component, including the designer outlet village, will be launched this autumn.
In Phase Two, will be further retail – around 300,000 sq ft is outlined in LB Brnt’s core strategy – and the new Brent Civic Centre, for which planning consent was granted this year. Following the year end Quintain concluded the agreement to sell the 2.25 acre plot for the Civic Centre to the Council for £10m. Brent Council anticipates opening the Civic Centre, which incorporates a library, town hall, administration offices and performance space, in June 2013.