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Wembley Park to become UK’s biggest rental flat development site

PUBLISHED: 12:30 17 February 2017

Wembley

Wembley

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Wembley Park is to become the largest development site in the UK for rental properties with the promise of 5,000 new homes.

Quintain has announced a £800 million building programme that will see 3,000 new flats surrounding the iconic Wembley Stadium by the end of this year.

Under the redevelopment giant’s build to rent business – Tipi – the remainder will be phased in over the next seven years.

The project on the site includes a new seven acre public park, new landscaped “London square”, a three-form entry primary school and wide range of shops, restaurants and workspaces to comple-ment the existing Wembley Park shopping and entertainment offering.

Quintain’s next Tipi apartment building will be available for occupation this summer but it is not yet known how many are let at a discounted rate for low earners.

The Tipi apartments, 141 of which are already complete and occupied, are avail-able furnished, part-furnished or unfur-nished, with communal lounges, gardens, roof terraces, gyms, secure underground parking and cinema rooms.

Tenants pay no agent’s fees, no inventory fees, a reduced deposit and all their utility bills and ultra-fast broadband are

included in the rent.

Planning permission has been granted on the site and it is expected that by the time the project is finished Wembley Park will have created more than 8,500 permanent new jobs across different sectors.

Angus Dodd, chief executive of Quintain, said: “Our commitment to build to rent at Wembley Park means we can deliver the homes London needs far

faster than if we were selling homes privately and ensures they will be occu-pied very shortly after they are complete.

“This long term commitment also means we can design homes specifically for the needs of today’s generation of renters and provide fantastic shared facilities and professional management arrangements which our residents love. We will ensure no apartment is left

empty.

“Quintain owns the entire 85 acre site – a huge area in the context of London – allowing us to deliver in a co-ordinated manner, the apartments, the parks, the outdoor spaces and the commercial, retail and entertainment uses which are such an integral part of Wembley Park.

“We are creating, a 21st century great estate for London, in tune with what all Londoners want today and enhancing and contributing to the wider borough of Brent.”

Cllr Muhammed Butt, leader of Brent Council, said: “To have 3,000 new homes under construction in one location this year shows just how in demand Wembley Park is as a place to live and it is comforting to know that with professional management in place, we won’t have a

single rogue landlord.

“Wembley Park is a huge success story for Brent, bringing real benefits to our residents and visitors and a new economic engine to the area and I would urge all Londoners to take a look at the area which has been transformed over the last decade.”

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