Mayor of London endorses Quintain´s 5.3 million sq ft (174,000 m

Quintain confirms that it has been notified that the Mayor of London, Ken Livingstone, has written to the London Brent Council, signalling his approval of the Company’s plans for the comprehensive redevelopment of 42 acres of brownfield land at Wembley. Quintain owns 58 acres of land in Wembley which surround, but do not include, the new National Stadium.

Quintain views this decision, which follows quickly from Brent Council’s Planning Committee resolution to grant outline planning approval as notified to shareholders on 4 June this year, as an important milestone in the life of the project. A decision is also awaited from the Office of the Deputy Prime Minister (through the Government Office for London).

The Company is already well advanced towards resolving its remaining detailed planning obligations (Section 106 agreements) with Brent Council. Subject to their successful completion, Quintain anticipates that it will be able to start building works at Wembley in Autumn 2004, with the intention that the first new areas of public realm space will be ready in time for the opening of the National Stadium in early 2006.

The proposed development, as outlined in the planning application submitted by Quintain in October 2003, will dramatically enhance the experience of visitors to the new National Stadium and Wembley Arena. It will, in addition, revitalise the local community through the creation of 6,100 new jobs, 3,700 new homes, a cinema complex, new leisure facilities, cafes, 366,000 sq ft (12,000 m²) of new retail space, 82,000 sq ft (2.700 m²) of new community space, a 420 room hotel and 678,000 sq ft (23,000 m²) of new office space.

Nick Shattock, Property Director of Quintain, said: “In our experience, the degree of liaison regarding our plans for Wembley over the last several months between the Greater London Authority, London Development Agency and Brent Council has been unique.
There is a genuine shared vision and real momentum to create new homes, jobs and community facilities for Wembley and to deliver for London a world class visitor destination centred around the National Stadium.
We are very grateful for the support of the Mayor of London personally and are pleased that we are already well advanced with the Section 106 Agreement and therefore firmly on track to start on site this Autumn.
Following our recent success at the Greenwich Peninsula with our partners Lend Lease, we are setting new standards in collaborative working, leading to a shortening of historic planning timetables.”

Source: Quintain Estates

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