Outline planning consent has been granted to Sowcrest, the 50/50 joint venture between St Modwen Properties PLC and Rotch Properties Ltd, for the major redevelopment and regeneration of the 13,563 sq m (146,000 sq ft) Wembley Central Square Shopping Centre, North London.
Sowcrest intends to develop 10,219 sq m (110,000 sq ft) of retail /leisure space, 15,793 sq m (170,000 sq ft) of residential accommodation and a 150-bedroom hotel on the site of the 1960s shopping centre which is located above Wembley Central rail and tube stations.
The scheme involves the conversion of a former office block, currently vacant, for the hotel and the part demolition and reconstruction of the existing retail/commercial area. In addition, frontage properties on to Wembley High Street will be acquired to create a new public square and improved public transport interchange.
Further details of the scheme are now being worked up with operators with a view to submitting full details for approval early in 2003.
Colin McQueston of St Modwen said: “This is an exciting new milestone in the regeneration of Wembley town centre. We already have a lot of interest in the project from new retailers eager to open in the area, from existing retailers who would be relocated and from hotel operators.
“We are anxious to build on this momentum to deliver this important regeneration project as soon as possible.”
For further information contact Colin McQueston of St Modwen on 020 749 95666.
Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).