Friday, 23 March 2018
Quintain up for sale again as Lone Star acts on post-Brexit concerns
The Financial Times LINK is reporting that the US private investment firm Lone Star that acquired Quintain in 2015 LINK is looking to off-load the Wembley developer to reduce its exposure to the London property market ahead of Brexit.
Lone Star acquired Quintain for about £1bn, including debt, in 2015 and the sale may raise more than £3bn.
The change of ownership last time produced accelerated, denser and higher development as well as the switch to the country's largest private 'build to rent scheme.
Who knows what the next owner will do with Wembley and whether the Labour Brent Council will continue its close relationship with them.
A spokesperson for Quintain told Wembley Matters this afternoon:
Lone Star is exploring options to introduce a new strategic investor into the ownership of Quintain. It is likely that any new investor will acquire all or part of Lone Star’s shareholding and make available new long term capital for the next phases of the development of Wembley Park. This process is in its early stages. If a transaction does go ahead, and there is no certainty that one will, it is simply an “equity reshuffle” amongst the top shareholding base and will have no impact on the management team, strategy or day to day running of the company.
Labels:
Brent Council,
Lone Star,
Quintain,
wembley
Thursday, 22 March 2018
The confused Conservatives of Brent North
Well, look what popped through my door from Brent North Conservatives today! Imitation is the sincerest form of flattery of course, but that's not really what caught my attention.
Tories sell themselves on the basis of their efficiency so I was struck by the fact that the front page ad for what's inside the four page paper got both items wrong: 'Reducing litter and flytipping in our neighbourhood Pg2' was actually on Page 3. 'Our streets peppered with potholes and broken pavements Pg 4' does not appear at all on any page.,
An item on Roe Green villages battling a commercial Powerleague pitch says it is on the 'Bacon Lane campus' but does not mention the school's name (it is Kingsbury High). However, the article is illustrated rather unhelpfully with a picture of Roe Green infant and Junior School.
I live in Barnhill ward but there was no mention of any issues in the ward. I am not sure what the residents of Chalkhill Estate will make of it.
Caroline Pidgeon and Sadiq Khan's exchange on Cricklewood Aggregate Terminal
Caroline Pidgeon, Liberal Democrat Assembly Member, has also written to Sadiq Khan about the Cricklewood Aggregate Terminal:
Sadiq Khan replied:
It is my understanding that planning permission was granted by Barnet Council last week, however, there are a number of reasons why I believe it is vital that you now carefully examine this planning application.
The reasons why I believe this is necessary include:
1) The Barnet Council planning committee decision was made by a majority of only 1 vote: 6 councillors were in favour and 5 were against.
2) The London Borough of Barnet was both the planning authority and the joint applicant
3) The votes in favour appear to have been cast on party lines with all 6 of the ‘aye’ votes being by Conservative Councillors (and with no Conservative Councillors voting ‘no’).
4) The neighbouring boroughs of Brent and Camden both posted objections to the applications and councillors from those authorities spoke against the development at the meeting, along with London Assembly Member Navin Shah.
5) The development has the capacity to impact profoundly on the wellbeing and amenity of residents in three boroughs (Barnet, Brent and Camden) in terms of air quality, congestion on the already-over-used A5 and traffic safety. It is predicted by the applicants that there will be a further 452 HGV movements per day on the busy A5 (with consequent NO2 emissions and traffic impact) and PM10 emissions from the proposed stockpiled materials.
6) The impact on air quality report presented by the applicants was formulated by comparison with a baseline scenario gleaned from an inaccurate/non-representative traffic recording for previous use of the site (for example the traffic count included about 200 bus movements when the site was being temporarily used as a bus park whilst Cricklewood Bus Garage was unable to accommodate the buses in the usual way).
7) The broader previous use of the site was as a result of uncontrolled/illegal subletting and so, even if the counts had been accurate, they represented a scenario unfit for comparison with a proposed permitted development. Proper bases for comparison would be the current situation or, arguably but sub-optimally, the existing section 73 permission.
8) The applicants had previously released (informally and to only one residents’ association during the consultation process) an air quality addendum, which contradicted the results of the addendum that they later relied upon, but they did not publish the previous report on the planning portal. That previous report suggests that there may be ‘substantially adverse’ impact on air quality from the development.
9) There is good evidence that the traffic data is flawed in relation to both junction safety and the overall capacity of the A5.
For all the above reasons I would urge you to call in, review and then reject this planning application.
Yours sincerely,
Caroline Pidgeon AM
Reminder: Comedy at Ark Elvin Saturday April 7th
Peer Support Group at Chalkhill Community Centre - next meeting April 6th
Wednesday, 21 March 2018
Green AM urges London Mayor to reject Cricklewood Rail-Freight Facility
Caroline Russell, Green Assembly Member for London, has written to the London Mayor urging him to reject the planning application for the Rail-Freight facility in Cricklewood.
Her letter is below (click on bottom right square to enlarge)
Her letter is below (click on bottom right square to enlarge)
Monday, 19 March 2018
'Brent is no place for hate' - Islamophobic letters condemned by Council & Brent MPS
Brent Council has issued the following annoucement
Recent threatening, Islamophobic letters sent to addresses in towns and cities have shone a spotlight on the national conversation around hate crime and the targeting of faith-based communities.
Brent Council and the Metropolitan Police Service have condemned the Islamophobic threats made in letters encouraging violence against Muslims.
Cllr Tom Miller, Cabinet Member for Stronger Communities said:
Brent is no place for hate. Let me be clear: these disgusting messages and their attempts to normalise hatred towards Muslims will absolutely not be tolerated. We are in close contact with the Metropolitan Police Service and are working hard to support residents to feel safe in Brent.In 2016 Brent Council launched the Time to Talk Campaign, giving people the space to talk openly about difficult issues.
We are proud to be home to one of the most diverse communities in the UK and if anyone believes they have been the victim of a hate crime or knows someone who has, I would urge them to contact the local police force on 101 or 999 for emergencies. Reports can be made by community advocates or faith groups on behalf of those involved
Since then, the council has widened the remit of referral services and its community support officer to include hate crime and has commissioned a hate crime manual. An online portal has also been developed to learn and report different types of hate crime.
Advice and guidance on what to do if you are the victim of or witness to a hate crime is available here.
You can also report Islamophobic hate crime to TELL MAMA, an organisation dedicated to recording anti-Muslim incidents and bringing them to the attention of the police.
Labels:
Brent Council,
Brent MPs,
Islamophobia,
Time to Talk,
Tom Miller
Subscribe to:
Posts (Atom)