On the way to Wembley Capital city eyes UAE investors

A luxury hotel, 13,000 sq m of sports related retail and 13,000 sq m of restaurants, bars and cafes are all on the plans. Around 4,271 apartments will be built on 344,000 sq m of residential space.

"The first phase of construction will cost around US$1.67bn and it will happen between now and 2014. In phase one, 4,271 apartments will be built and nearly 1 million sq ft of retail and leisure. It's entirely within budget and on time," stresses Shattock.
Low-carbon agenda

Residents of the first phase of development are already moving in to some apartment blocks. One complex consists of 300 apartments and cost US$93.4m to build.

The next crowd of homeowners will be in March 2010. Quintain is also busy working on piling for the new 441-room Hilton Hotel in which the company is sole investor.

"We believe we are the largest owner of planning consent, financial planning consent for London. We have 15,000 units in London - 21 million sq ft. We have totally and utterly embraced Government and the current and former Mayor of London's low carbon agendas on that and we are building for the Mayor of London low carbon exemplar," states Shattock.

In January, Quintain attended the World Energy Summit in Abu Dhabi and was situated just 50 ft away from Masdar City executives. Interestingly enough, Quintain owns the UK development rights for the company who are the advisors to Masdar City - for another major UK project under development, the 1 million sq ft zero carbon scheme in Middle Haven in the North of England, also the biggest in Europe.

Housing & transport

"We believe we lead the UK in terms of sustainability and commitment to low-carbon agenda. We believe there is a ready market for zero-to-low carbon housing and that's what we're delivering in London," says Shattock.

Wembley City will see the UK's first underground waste disposal system put in place. The company claims that while it will require customers to be more environmentally- conscious the obvious benefit for residents is that they will have a "far more pleasant environment."

Energy sources

"Wembley is super sustainable and super green, and is pushing the agenda further than anywhere else in the UK. We are powered by 20% renewable energy sources, its entire carbon waste system is the lowest in the UK. It's water retention and profile is greater than anywhere else in the UK and is founded on great public transport," emphasizes Stratton.

Wembley will have three stations and five lines all within seven minutes walk of the site. Around six million people will be able to travel to the area in 30 minutes on public transport. Nine million people will be able to drive to Wembley in an hour. Shattock boasts it will be the "most connected site in the whole of the UK."

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