Developers unveil plans for multi-million pound business district in Wembley Park
PUBLISHED: 16:41 24 September 2015 | UPDATED: 16:58 24 September 2015
High Level Photography Ltd
Developers leading the multi-million pound transformation of land around Wembley stadium have unveiled plans for a series of high-rise office blocks aimed at drawing City workers and tech start-ups to the area.
At a glitzy reception at the Hilton Sky Bar in Lakeside Way, developer Quintain revealed it is releasing 750,000 square feet of land to make way for four eight to nine storey blocks of dedicated office space.
The reception featured speeches from star broadcaster Claire Balding and leader of Brent Council Mohammed Butt as well as a presentation of images showing how the new business village and facilities could look.
James Saunders, chief operating officer of Quintain, said: “These new offices provide a great opportunity for companies to share in the success of London’s newest business destination.”
Quintain has teamed up with real estate firms Colliers International and Cushman & Wakefield to market the sites and has already secured planning permission for the wide-ranging building scheme.
Work is expected to be complete within 2 years should further planning and construction stages run to schedule.
The developers are hoping the rental price of £40 per square foot coupled with super fast broadband speeds and transport links to the West End in 12 minutes will tempt fast-growing businesses out of the city’s more tradition business districts.
Sarah O’Connell, Director of National Offices at Colliers International said: “Wembley really does have everything in place to be the next King’s Cross.
“With everything already here, employees would have access to three stations, 76 shops and 20 restaurants as well as a 9-screen cinema and the world famous sports stadium.”
The site will also offer parking space for 3,000 vehicles to serve the new businesses in addition to around 475 new residential apartments due for completion next year and another 360 flats which are under construction.