Re. Wembley

Quintain Estates & Development PLC
08 September 2004

8 September 2004



         Quintain Estates and Development PLC ('Quintain' / 'Company')

                     GOVERNMENT OFFICE FOR LONDON ENDORSES
           QUINTAIN'S 5.3 MILLION SQ FT WEMBLEY PLANNING APPLICATION


The Board of Quintain has been notified today that the Office of the Deputy
Prime Minister, through the Government Office for London, has written to the
London Borough of Brent signalling its approval for the Company's comprehensive
redevelopment of 42 acres of brownfield land at Wembley.  Quintain owns 58 acres
of land in Wembley which surround, but do not, include, the National Stadium.
The proposed development, will dramatically enhance the experience of visitors
to the new National Stadium and Wembley Arena. It will, in addition, revitalise
the local community through the creation of 6,100 new jobs, 3,700 new homes, a
cinema complex, new leisure facilities, cafes, 366,000 sq ft of new retail space
including designer outlet shopping, 82,000 sq ft of new community space, a 420
room hotel and 678,000 sq ft of new office space.



Quintain views this decision, which follows quickly on from the approval of the
plans by the office of the Mayor of London and Brent Council's Planning
Committee resolution to grant outline planning approval on 3 June 2004, as a
mark of the significant support of both national and local government to the
plans, which have been subject to one of the largest public consultations ever
held on such a scheme.



The Company is already well advanced towards resolving its remaining detailed
planning obligations (Section 106 agreements) with Brent Council.  Subject to
their successful completion, Quintain anticipates that it will be able to start
building works at Wembley by the end of this calendar year, with the intention
that the first new areas of public realm space will be ready in time for the
opening of the National Stadium in 2006.



Nick Shattock, Property Director of Quintain, said:



'We are delighted that the Government has backed our plans for Wembley.  This is
another important step forward in creating a new and exciting Wembley for all
and is clearly excellent news for Brent and for London.



'This allows us to conclude the detailed negotiations on the Section 106
agreement with the London Borough of Brent and we remain firmly on track to
start on site this calendar year.



'The collaborative working between the Government, GLA, LDA and Brent Council
has been unique in our experience.  There is a genuine shared vision to create
an international leisure destination at Wembley and massively improve facilities
for local people and visitors alike.'



ENDS



For further information, please contact:


Quintain Estates and Development              Financial Dynamics
Nick Shattock/ Rebecca Worthington            Stephanie Highett/ Dido Laurimore
Tel: [phone]                            Tel: [phone]



Notes for Editors



  • At Wembley, Quintain owns 58 acres of land surrounding the national
    stadium and on October 31 2003, the company submitted an outline planning
    application to Brent Council for a first phase regeneration covering 42
    acres.  This application was approved (subject to reserved matters and the
    completion of a 'Section 106' Planning Agreement) by Brent Council's
    planning committee on 3 June 2004.  It consists of:



    •    6,100 jobs

    •    Up to 3,727 new apartment homes for 8,500 people (including 40%
         affordable housing and some student accommodation and nursing home 
         / special care bed spaces)

    •    Areas of open space covering over half the site and including Arena
         Square and a pedestrian and public transport only Wembley Park Boulevard

    •    A new cinema and other new leisure facilities (147,000 square feet /
         13,700 square metres)

    •    New shops - designer outlets (153,000 square feet / 14,200 square
         metres), sports retailing (127,000 square feet / 11,800 square metres) 
         and stores for the local community living and working on the site 
        (86,000 square feet / 8,000 square metres).

    •    New restaurants, cafes and bars (137,000 square feet / 12,700 square
         metres).

    •    New community facilities (88,000 square feet / 8,200 square metres).

    •    New offices and workspace (678,000 square feet / 63,000 square metres)

    •    A flagship new 400 bedroom, international standard hotel

    •   £20 million to refurbish and update Wembley Arena

    •   Parking for the national stadium and the new community



   • The headlines of a huge package of community benefits has already been
    agreed, including:



•        Delivery of 40% affordable housing - 17% social for rent on-site, 21%
intermediate / key worker homes on-site, 2% social for rent family accommodation
off-site

•        £9m contribution to education provision

•        £2.25m for community facilities (not including health)

•        Primary health care facilities for up to 5 GPs, for occupation by the
Brent PCT

•        £1.5m for construction education and training provision

•        £1m towards long-term employment education and training provision

•        £1.8m for bus improvements including £50,000 for bus stop facilities,
£1m for upgrades to route PR2 and £750,000 for upgrades to routes 92 and 224

•        £1.6m towards works to Wembley Park Station to deliver a new ticket
hall

•        £100,000 towards works to Wembley Central Station

•        £2.65m for road and junction improvements, including

•        Empire Way / Engineers Way (£300,000)

•        Empire Way / Stadium Way (£300,000)

•        First Way / Manor Drive Improvements plus pedestrian signage (£300,000)

•        Lakeside Way (£500,000)

•        Linking of signals Empire Way/Wembley Hill Road (£300,000)

•        North Circular / Drury Way / Great Central Way (£550,000)

•        Wembley Hill Road / Royal Route (£400,000)

•        £1m towards Stadium Access Corridor

•        £500,000 contribution towards CPZ and parking management

•        £150,000 for neighbourhood policing initiatives

•        £100,000 for community sports facilities plus providing swimming
facilities

•        Youth facilities including skateboard and multi-use games area

•        Up to 7 days a year use of the Arena for community events

•        Provision of visitor information centre within development

•        Provision of City Car Club

•        £150,000 for disabled facilities grants and the Brent Access Forum

•        £100,000 for public toilets

•        £50,000 for CCTV study

•        Wireless information system to all residences and business



  • Quintain remains in discussions with Brent Council to conclude the Section
    106 agreement.








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