UK-based property investment and development business Quintain has awarded a £130m contract to McLaren Construction for the delivery of the fourth development at Wembley Park in London, UK.
This contract takes the total value of McLaren’s projects at the site to £302m.
Part of Quintain’s 85-acre Wembley Park estate, the latest contract has been awarded to McLaren for the construction of plots NW09 and NW10. These plots are made up of three distinct blocks.
McLaren’s managing director for major projects John Butten said: “This is fantastic news for McLaren, and we are pleased to have been awarded our fourth project at Wembley Park.
“It is a great achievement, showcasing McLaren’s continuous growth in these large-scale projects and our great customer relationships. We are delighted to continue working with Quintain to ensure this project is delivered successfully, further enhancing the area for local residents.”
Quintain executive director of construction Matt Voyce said: “We are delighted to have the McLaren team on board to deliver their fourth project at Wembley Park.
“We look forward to continuing the transformation of the 85-acre site by delivering thousands more homes, retail and office space and continuing our strong relationship with McLaren through our construction framework.”
Overall, the plots will provide 396 build-to-rent homes, which will be operated by Quintain’s rental management platform. The development will also feature 1,000m² of ground-floor retail space and 1,200m² for a GP surgery.
The project will feature 117 properties that are offered for discounted market rent, which will represent almost 30% of the net internal area of the residential provision.
The Wembley Park development will provide 8,500 homes to the borough, a third of which will be affordable and the majority available for rent rather than sale.
The NW09/10 development will provide several amenity spaces for residents, including a private landscaped garden with a children’s play area, parking spaces for residents and cycle storage.
McLaren Construction was awarded the contract after the handing over of the 340-apartment residential scheme W03 (now named Alameda) and 115,000ft² of Grade A office space at the W06 development along Wembley Park Boulevard last year.
The construction company is expected to complete the 150-apartment residential block of W06 this March.