Affordable family housing in the Wembley Stadium regeneration area seems even further away after this announcement:
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.
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.