The Office of the Deputy Prime Minister has approved Quintain Estates & Development’s regeneration of a 42-acre site surrounding the new National Stadium at Wembley.
The ODPM wrote to the London Borough of Brent signalling its approval for the scheme, and Quintain now expects to start construction work by the end of the year.
The proposed development will create 3,700 new homes, 678,000 sq ft of office space, 366,000 sq ft of retail, 82,000 sq ft of new community space, a 420-room hotel, a cinema complex and new leisure facilities including cafes and bars.
The first areas of public realm space are expected to be ready for 2006, in time for the opening of the new Wembley stadium.
Quintain Property Director, Nick Shattock, commented: “We are delighted that the Government has backed our plans for Wembley. This is another important step forward in creating a new and exciting Wembley for all and is clearly excellent news for Brent and for London.
'This allows us to conclude the detailed negotiations on the Section 106 agreement with the London Borough of Brent and we remain firmly on track to start on site this calendar year.
'The collaborative working between the government, GLA, LDA and Brent Council has been unique in our experience. There is a genuine shared vision to create an international leisure destination at Wembley and massively improve facilities for local people and visitors alike.'