Affordable family housing in the Wembley Stadium regeneration area seems even further away after this annoucement:
Developer Unite Group has purchased a one acre development site in north west London's Wembley for a mixed-use student accommodation and retail scheme.18 Sep 2013
Unite's plans for the site, which is currently occupied by a car park, include the construction of student housing to accommodate 700 students as well as 10,000 square feet of space for shops.Developer Unite Group has purchased a one acre development site in north west London's Wembley for a mixed-use student accommodation and retail scheme.18 Sep 2013
The site is located within the Wembley Park regeneration area, which also includes plans for new homes, shops and offices to be built around Wembley Stadium.
Subject to planning consent, the scheme will be developed by the London Student Accommodation Vehicle (LSAV) which is a joint venture between Unite and GIC Real Estate.
“This development is the third scheme to be secured as part of our LSAV joint venture, representing 65% of our target, and demonstrates UNITE’s knowledge and experience in sourcing the best locations for student accommodation," said Unite managing director of property Richard Simpson in a statement.
"As well as being a key milestone in the Group’s development strategy, this site is close to the shops, entertainment and excellent transport links of Wembley Park, including the London Designer Outlet, and will strongly appeal to students,” he added.
Unite said it expects the scheme to be completed in 2016.