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Old March 28th, 2010, 11:53 PM   #21
Kamstein
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The appartments are pretty much done. Construction on the commerical part hasn't even started. it has been inactive for years.

the apartments in wembley highstreet are complete, along with the TK maxx

You'd have to be completely oblivious to how bad the area is to buy those apartments, though

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Old March 29th, 2010, 12:02 AM   #22
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If there is a civic center being built, which i don't want to see, what are they going to do with Brent town hall?

I'd hate to see that converted into another set of apartments.

I also think this building looks horrible:


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Old March 30th, 2010, 01:48 AM   #23
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I like the flats. a bit like the olympic village perhaps.

dire area though. its gonna take a while to make that place happening.
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Old April 12th, 2010, 03:46 AM   #24
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As of April 2010






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Old April 12th, 2010, 12:40 PM   #25
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I think they look good.
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Old May 24th, 2010, 01:17 PM   #26
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Contracts announced for new hilton hotel + cinema:

http://www.building.co.uk/story.asp?...de=3163110&c=2

http://www.constructionenquirer.com/...embley-scheme/
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Old June 4th, 2010, 11:43 AM   #27
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Quintain aims to double funds under management


10:16 | 03.06.10

By David Doyle

Quintain announced a three-year plan to double funds under management and focus on developing Wembley City this morning.

In its results for the year ending 31 March 2010, in which it reported a marginal fall in basic net asset value per share, the listed fund manager, investor and developer announced plans to increase funds under management to £2bn.

Basic net asset value per share, adjusted for last year’s rights issue, fell by 1p to 120p.

Quintain chairman William Rucker said: "Our three year business plan targets the increase of funds under management to £2bn and the delivery of critical mass at Wembley City.

“As the first step towards achievement of these 2013 targets, we have put in place a clear operational programme for the next twelve months that will bring further capital into the business, drive significant progress on our major schemes and increase the recurring income generated across the group.

“Whilst the continued uncertainty in the markets will no doubt present challenges, the business is now in a significantly stronger shape and we anticipate a year of real progress."



Read more: http://www.propertyweek.com/story.as...#ixzz0psNAi3fA
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Old June 4th, 2010, 10:15 PM   #28
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I wish they would hurry up on the steps to the stadium. I never understood why build a new stadium and keep that ugly concrete ramp that's not even part of the masterplan.
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Old June 4th, 2010, 10:37 PM   #29
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Quote:
Originally Posted by delores View Post
I wish they would hurry up on the steps to the stadium. I never understood why build a new stadium and keep that ugly concrete ramp that's not even part of the masterplan.
Been deathly quiet since they were mentioned back in 2007. I guess Quintain can't make much money from the steps so the olympic steps will have to wait until Rio2016 at this rate.
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Old June 5th, 2010, 12:15 AM   #30
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oh well one day......20 years later.
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Old June 5th, 2010, 12:17 PM   #31
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Whilst some of these proposals seem quite good, what I really don't like is the way the flats encroach so closely onto the stadium itself, or at least that's how it looks from the render above. I also hope those two towers are built to a high spec, as they are so close to the stadium, and appear quite tall, so they will be in almost every TV shot of the stadium.
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Old June 5th, 2010, 07:39 PM   #32
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If England gets to host the World Cup in 2018, will that speed up the development of this area?
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Old June 6th, 2010, 01:56 PM   #33
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I should think so. And I'd imagine there would be further developments as well.
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Old June 6th, 2010, 08:47 PM   #34
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Quote:
Originally Posted by heywindup View Post
If England gets to host the World Cup in 2018, will that speed up the development of this area?
Has having 2012 football at Wembley and 2012 events at Greenwich sped up developments there? NOPE.
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Old June 6th, 2010, 09:44 PM   #35
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there's actually a significant amount of stuff getting underway at wembley now. in all fairness to quintain they have had to build the infrastructure works first (this is pretty important as it means you can then make money from every building on site each time you move a rubbish bag). the estate has things like rubbish disposal tunnels running under it! they couldn't have anyone start development really until the infrastructure was done. now it's complete you have more student housing being built, the new civic centre, a multi screen cinema, a new hilton hotel.

greenwich meanwhile actually has multiple developers. ansco owns the area around the dome itself, and then QED and lendlease have been doing joint developments with various residential partners - it's not their fault if the partners start canning schemes.

what hasn't yet been mentioned on these forums is that QED are doing another office building now in greenwich (you'll see the application come out in the next few months) in addition to the ansco hotel and office building. that will be a 30,000 square metre building designed by fletcher priest. it's interesting to see that what's going ahead is starting to show an imbalance where proportionally the amount of residential development is lagging.

the problem with both these developments from their point of view was getting the money to build them. they got the money for the first lot then things went pop in 2007 but now they have finished the stuff at greenwich they are able to recycle that capital back and progress with development. i expect we will see both accelerate substantially over the next year with development at wembley finally reaching critical mass.
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Old June 6th, 2010, 11:07 PM   #36
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Actually someone posted Quintain results and info about the fletcher priest on the London thread last week.

Quintain have had a great many years to get the infrastructure in place at Wembley are only now going to add to the entertainment in the are by building a hotel and cinema that will be ready in 2012/13. Wembley, like Greenwich is going to largely windswept for a good few years just yet.

Anschutz does indeed own the O2 but Quintain did not develop the O2. Along with there JV partner Lend lease they have built bugger all in the last ten years in what was one of London's largest development booms, unless you consider the DV tent as progress.
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Old June 7th, 2010, 12:19 PM   #37
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Quote:
Actually someone posted Quintain results and info about the fletcher priest on the London thread last week.
do you have a link for that?

anschutz also own much of the neighbouring land around the o2 as the freeholder such as n301 and n201.

Quote:
Anschutz does indeed own the O2 but Quintain did not develop the O2. Along with there JV partner Lend lease they have built bugger all in the last ten years in what was one of London's largest development booms
once again... there are other developers. why not blame them too? it's not the fault of quintain and lendlease if developers take on a site and then decide not to progress. it's a bit of a myth to say that the peninsula has a single developer when it clearly doesn't.

http://www.greenwichpeninsula.co.uk/...?urlkey=agp_rd

anyway with regards to wembley they had signed the hotel lease some time ago but were unable to progress until the infrastructure was finished but to suggest nothing has been done is a bit misleading. it's more a case that the site is huge and a developer the size of quintain can only do so much at once.

Quote:
We've also completed the first tranche of development, with the first 520 apartments now open, the Arena refurbished, a new Square opened to link the Arena and Stadium and the UK's first underground waste removal system in operation. Substantial infrastructure work is now underway on the site of the Hilton Hotel and 600-bed student accommodation block for construction to begin later this year and we are about to start demolition work on the site of the Holiday Inn Express hotel to the north west of the site. It's therefore a bit of an understatement to say that we can "finally start building" as we've been at it for some time.
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Old June 7th, 2010, 02:00 PM   #38
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Goth if you consider the Greenwich peninsula an exemplar in how to regenerate an area then good for you but to me a whole peninsula that by 1999 was totally cleared , had all the roads put in , a brand new tube station & large bus station with the dome sitting at the top and the first phase of the Greenwich millennium village at the bottom has been a classic case at how not to carry forward regeneration. Fast forward 11 years through one of London's biggest ever boom with acute housing shortages and there's now a couple of office buildings & a college with only the Bellway plot now U'C to the SE of the peninsula. Thats hardly substantial progress.

English partnership made a big mistake when they choose LendLease and Quintain as JV partners but they should have divided up the parcels of land to different developers rather than have their anointed JV partners to find more JV to build the plots.

Similarly with Wembley, another site they have had for a number of years they refurbished Wembly arena, built a couple of residential blocks and won't start on the hotel & student accommodation till later this year. So its not misleading to say Quintain have been slow to develop here as well.
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Old June 7th, 2010, 02:56 PM   #39
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the big problem with greenwich was actually the government who meddled and meddled in the masterplan for years and kept changing the requirements and then once the masterplan is approved each developer has to apply for planning permission for each building. the farrell masterplan first surfaced in 2002 and was given outline permission in 2003 i think so that's four years after 1999 already. since things started getting built there in 2007 they have 10 plots at various stages of development now. you forget the dome only reopened for business in july 2007. if you look at the planning history it was made impossible for them to build residentials in greenwich in say 2004 or 2005 thanks to the government, this had nothing to do with the developers, and it was only in 2007 that the first planning applications were finally able to go in. by the time things could get underway the economy wasn't what it was. if you want to blame anyone blame the HCA.

outline permission for the masterplan was given in 2004. likewise wembley stadium only opened in 2007 and the arena was refurbished in 2006. again there was meddling, then each individual building has to be designed and built. in this case you have to do the monolithic infrastructure under the site first which takes time too. i don't know what you expect. from the original proposal for a tower at one canada square and the redevelopment of the surrounding area to actual construction starting was 5 years and that was with the planning system changed to expedite things, unlike what we have seen here.

how do you think the developers felt having this amazing thing to exploit and being unable to do so, particularly in the case of greenwich, because of government stupidity. how big do you think companies like quintain would be had the government not dicked them about and stopped them from developing their assets? well the cost of the greenwich mess alone was £2.5 billion. perhaps you'd have preferred different companies like those which developed the thames gateway... and by developed we both know they have done bugger all despite numbering several dozen developers.
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Old June 7th, 2010, 07:12 PM   #40
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Greenwich and Wembley might be obvious slow progress sites simply because of their size. However across the city there are numerous plots taking a very long time to reach completion. Take the numerous towers proposed at CW for example. Considering we have a housing shortage this is surprising.

The problem is each and every developer has bought land at astronomical prices expecting selling flats for astronomical prices. If they don't sell a 1 bed flat for £400k they'll make a loss. So they wait. Or more accurately they wait for finance.

Until we break the cycle of controlling supply to keep prices high to instead building a better product competitively against other developers housing development will be slow slow slow. Personally I think this downturn may just break this terrible set up and take a few developers down too. Developers will probably have to write off land purchases and write down their asset values. Over-extended Ballymore springs to mind.

Last edited by Bob; June 7th, 2010 at 07:17 PM.
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