Brent Council's planning committee last night (Wed 15 March) gave approval for the development of 743 new homes for rent on the doorstep of the iconic Wembley Stadium, part of 5,000 new homes to be built over the next seven years.
When completed the homes will be part of the largest new build rental-only scheme in the UK, surpassing the current biggest in East Village, Stratford which has 3,000 properties. The homes will be available through developer Quintain's build to rent business Tipi, which was launched last year.
Of the 733 residential rental units, 42 per cent (303) will be offered under the affordable housing scheme and the remaining 58 per cent (440) available for market rent.
The new dwellings will range from 12 to 26 storeys in height and will include residential landscaped gardens, a clubhouse, energy centre, 91 coach parking spaces to support Stadium event days, and 569 square metres of commercial space.
The approval comes as part of the regeneration of the area around the stadium by Quintain which includes 11,500 new homes.
The 25-year project will also create 10,000 new jobs, apprenticeships and business opportunities. By the end of 2017 there will be 3,000 homes under construction in the Wembley Park area within a development containing a new seven acre public park, a new landscaped London square, a primary school and a wide range of shops, restaurants and workspaces.
Cllr Shama Tatler, Cabinet Member for Regeneration, Growth, Employment and Skills said: "We know that buying in London is out of reach for many and with rising rent costs we are pressing developers to deliver as many affordable units as possible. We are committed to raising standards in our private rented sector and these newly built and professionally managed homes will provide high quality and safe places to live.
"The vision for this vibrant new residential area in Brent will take some years to deliver, but work is well underway. Innovative architecture and design combined with retail, green spaces and excellent transport links create a great place to live and work."