Longterm partner John Sisk & Son has agreed on a fixed price of £227m for two buildings at plots NE02 and NE03.
Both Quintain and Sisk said agreeing to a fixed price contract amid present market volatility was a testament to the exceptional working relationship between the businesses.
The completion of the two buildings, covering 9,593m in total, is expected in early 2025, with nearly three-quarters of the homes to be build to rent alongside over 100 affordable homes of mixed tenure.
James Saunders, CEO of Quintain, said: “While the wider economic picture may be one of uncertainty, Quintain is committed to delivering hundreds of new homes for London at the right time and cost.
“This landmark contract signing is testament to our continued momentum at Wembley Park and our unwavering success at the site for the past 20 years.
“It gives me great pleasure to bring the North East Lands development forward with Sisk, our long-term construction partner and valued member of our contractor framework.”
Ajaz Shafi, COO, UK & Civils, John Sisk & Son, said “This is the largest contract we have signed to date with Quintain and the first developments at North East lands.
“Sisk has an 18-year history at Wembley Park with our client, Quintain.
“Together we have created over 2,000 homes, along with a 365-bed hotel, 660-bed student resident units, 1,000 bay car park, and over five acres of incredible public realm, with another 817 homes now currently under construction with the signing of this latest contract.”