Quintain on schedule at Wembley

Quintain Estates and Development has reported construction of the Hilton Hotel and 660-bedroom student accommodation scheme at Wembley is on schedule to open next year. The timing is in line with its corporate target of achieving critical mass on the site through completion of the 2m sq ft “Western Core”.

It said its planning application to create a new 700-space car park next to the London Designer Outlet had received a resolution to grant notice, subject to a Section 106 agreement. Quintain has concluded the disposal at valuation of its interest for £6m in the joint venture with Summit to build a hotel to the north of the site. Powerleague is building a new temporary five-a-side football complex it the entrance to the stadium.

Quintain said the first shops opened at Greenwich Peninsula, in south-east London, before Christmas, with 89 percent of available space by rental value now let or under agreement to lease. Six major chains had taken space in the scheme, including Wagamama and Costa Coffee.