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ST. MODWEN SECURES CONSENT FOR FINAL PHASE AT WEMBLEY CENTRAL

St. Modwen, the UK’s leading regeneration specialist, has secured consent for the final phase of its £90m Wembley Central regeneration scheme from the London Borough of Brent.

Plans for the scheme, which is situated in the heart of Wembley town centre, include an 86-bedroom (35,000 sq ft) Travelodge hotel with a bar/restaurant, 29,000 sq ft of additional retail space, 38 private apartments and an improved entrance to Wembley Central’s tube and train station. It will be located above and adjacent to the station overlooking the public square on Wembley High Road.

Work is anticipated to start on site this summer and, when complete, the total Wembley Central development will provide 155,000 sq ft of retail and leisure space.  Current tenants include TK Maxx, Co-operative Food, Iceland and Everything Everywhere.

Earlier phases of the scheme have delivered a new public square; 23,000 sq ft of modern office space at Ramsey House; Central Apartments, a development of 155 private apartments of which only five are still available; and 85 affordable homes.

Killian Morris, development manager at St. Modwen said:

“This is great news for Wembley and shows that well-conceived regeneration schemes can still thrive even in today’s market.  Earlier phases saw us take a tired 1960s shopping area and transform it into a modern, bustling location. We’ve already secured the first new big name retailers for the centre of Wembley in a generation. This final phase, boosted by the recent deal with Travelodge, is already attracting the attention of retailers and leisure operators keen to see their brands represented in the transformed Wembley town centre.”

The final phase of shops and the new hotel will be trading by 2013.