Quintain unveils ambitious vision for £3bn Wembley Park transformation
Independent shops and restaurants, spaces for start-ups and artists’ studios and imaginative use of social spaces are at the core of the Wembley Park transformation, one of Europe’s largest urban regeneration projects.
Plans include much needed facilities include a new NHS centre, a school, a library and a new theatre. A total of 500,000 sq ft of retail and leisure will be provided, including 240,000 sq ft of new build, plus 633,000 sq ft of Grade A office space and 7,000 new homes for 20,000 full-time residents when fully completed in 2027.
The majority retail and leisure will be completed in 2020, with over 40 new shops, restaurants and services complementing the current and proposed retail offers at London Designer Outlet, London’s leading fashion and lifestyle outlet centre with a proven track record and footfall of seven million a year. Additionally, Boxpark Wembley, the third and largest in London, will feature another 27 independent dining restaurants, bars and cafés when it opens in Summer 2018.
The 85-acre site that surrounds the world-renowned national stadium will be divided into four distinct new districts. Each area has a project name, with final titles decided in consultation with the local community. The Boulevard will be a destination for memorable retail and dining experiences. The Village will feature a curated mix of independent operators. White Horse Square will provide daily convenience shopping and cafes. The Park will be the place for health and well-being around a seven-acre urban park.
Matt Slade, Retail Director of Quintain, explained: “We expect to attract footfall of over 20 million a year and a projected annual retail spend of £328m, which is more than Camden, London Victoria or Ealing Broadway. The additional retail and leisure space will help cement Wembley Park’s fast-growing status as an exciting new destination to rival the very best areas of London.”
Agents for Wembley Park are Nash Bond and Cushman & Wakefield.