Quintain has abandoned hopes to develop a Super Casino at Wembley after members of Brent Council withdrew its support for the scheme
Members of the executive committee at the council decided last night that they would not support an application to the Casino Advisory Panel for consideration of the North London borough as a location for the one regional casino.
As a result of this decision, Quintain has dissolved its joint venture agreements with US gambling group Caesars’ Entertainment and it will now progress with alternative plans for the 13-acre Palace of Industry site.
In accordance with Brent Council’s Supplementary Planning Guidance, these plans will comprise between 1.6m and 2.2m sq ft (172,224 sq m and 236,808 sq m) of mixed-use development, consisting of retail, residential, leisure and entertainment space.
In more positive news, Quintain told shareholders that it had received 131 deposits for the first private apartments on the Wembley estate. The apartments, which are being developed in partnership with Genesis and Family Mosaic Housing Associations, are part of a mixed-use development to the west of the Arena. The development includes 286 apartments of which 48% are affordable, and additional facilities including 13,000 sq ft (1,207 sq m) of retail, leisure and community space.