Quintain launches London’s largest build to rent site

Grant Prior 10 months ago
Share

Quintain is set to transform Wembley Park into the largest build to rent development site in the UK

The developer has revealed a construction programme for 5,000 PRS homes around the National Stadium

Funding and planning is in place and Quintain said “construction will also be at a pace not seen at any other major development site, with 3,000 homes under construction by the end of 2017.”

The 5,000 homes will be delivered in phases over the next seven years.

The developer currently has four contractors on its Wembley framework – Carillion, McLaren, Sisk and Wates. But work could be opened up to new firms.

The homes will be available through Quintain’s build to rent business Tipi which was launched last April.

By the end of this year there will be 3,000 homes under construction, alongside a new seven acre public park, a new landscaped London square, a three-form entry primary school and a wide range of shops, restaurants and workspaces.

Quintain has already invested £900m in the transformation of Wembley Park and has a further £800m of funding secured.

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 occupied 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.

“I have been hugely impressed with the quality of homes being built at Wembley Park and Quintain has also made a huge investment to upgrade all the public spaces around the area to bring the place alive with events, shops, workspaces and other attractions.”

Latest news

Carillion woes hit King’s Cross office project

Hunt on for a new contractor to deliver 11-storey office scheme
2 days ago

Persimmon chairman resigns after bonus controversy

House builder admits £100m+ bonus plan should have been capped
2 days ago

Green light for 1,300 homes at Nestlé factory

Barratt London to build 1,300 homes at former factory site in on outskirts of west London
2 days ago

Galliford Try lands £54m Manchester Airport project

Contractor wins second taxiway project on £1bn airport upgrade
2 days ago

Czech facade specialist starts £60m London job

Sipral starts Canary Wharf residential twin towers for Ecoworld Ballymore jv
2 days ago

McLaren gets start date for £58m Banbury shopping centre

Construction to begin in February on Castle Quay expansion
2 days ago

Winners named for £400m infrastructure consultancy

Costain and Mace among line-up for Crown Commercial Services infrastructure framework
2 days ago

Contractor in court after workers exposed to silica dust

Safety inspectors find workers dry cutting bricks in a basement
2 days ago

Betting Spy: David Moyes – an apology

The West Ham boss is working his magic and the Irons are a good bet away at stuttering Stoke
2 days ago

Boost your online presence with the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
2 months ago

Crossrail site protest as Balfour lays off 50 sparks

Contractor insists redundancies are unconnected to £5,000-a-head finishing bonus demands
4 days ago

Interserve seals £180m lending deal for extra headroom

Debbie White seals deal for more time to restructure business
3 days ago

Severfield lands steelwork package for Google HQ

Specialist to start work in June for main contractor Lendlease at King's Cross site
3 days ago

Kier secures £138m London health deal

Kier P22 work haul soars to £400m
3 days ago

Scape research reveals need for huge school building push

Procurement body calls for national school building strategy
3 days ago

Carillion wins another £11.6m rail electrification deal

Network Rail awards station upgrade deal on Glasgow to Edinburgh route
4 days ago

Galliford Try wins £24m M49 junction

Work to start on new junction at Avonmouth in the New Year
3 days ago

Costain director joins pipe-lining specialist

Tim Bowen takes the helm at Aquam to deliver ambitious expansion plan
4 days ago

Highways England to trial self healing roads

Sunflower oil capsules in asphalt could save £260m a year
4 days ago

Tarmac swaps quarries for Breedon concrete plants

Tarmac offloads four quarries for 27 Breedon ready-mixed concrete plants
4 days ago

Mace wins £140m London School of Economics project

Work to start on Marshall building once McGee completes demolition in the spring
4 days ago

Construction start date for £350m Tower Hamlets site

Planning go-ahead for Galliard Homes and Lindhill at Ailsa Wharf
5 days ago

Specialist Mick George moves into housebuilding

Civils contractor forms joint venture to target housing market
4 days ago

Fusion21 launches £150m sprinkler supplier panel

Local authorities and housing associations call for post-Grenfell preferred supplier list
4 days ago

Ardmore wins £77m Stratford hotel contract

Two-year build programme gets underway at the 18-storey Gantry development
5 days ago

Lovell to start £30m Doncaster Lakeside scheme

Eastern division boasts £100m forward order book from string of schemes
4 days ago

Balfour Beatty on track for 2-3% margin by late 2018

Leo Quinn confident of paying down borrowings as they fall due in 2018
5 days ago

Skanska and Multiplex eye £100m City fringe office job

Aldgate Developments prepares to start £100m phase 2 office complex
5 days ago

Speller Metcalfe wins “non-confrontational” £16m contract

Contractor to start revamp of Derby Silk Mill next year using innovative procurement model
5 days ago

Plans for new £80m library at University of Bristol

Design team appointed as construction set to start in summer of 2019
5 days ago

Contractor services