INTRO
34 Wembley Hill Road was a landmark residential-led development
Located in the heart of Wembley, one of London’s current major regeneration areas. It was within walking distance of two tube stations, a train station and the iconic Wembley Stadium.
About
International investment
The directors of Cole Waterhouse oversaw the completion on the purchase of the land in April 2015 with a group of investors from the UK, USA, Hong Kong and Singapore.
Cole Waterhouse managed the planning approval process with approval secured in May 2016 for a £97 million mixed use development which included 198 residential units, (158 private, 15 shared ownership and 25 affordable rent) and 19,000 sq ft of retail space.
The shareholders ultimately determined to sell the site following keen interest in it. Completion of the sale of the site occurred in February 2017 and delivered a 38% ROI for their investors.
Facts and Figures
34 Wembley Hill Road
198
Residential units
19k sq ft
Retail space
£97m
Development value
Feb 2017
Project completion
38% ROI
Investor return
Gallery
CGIs
Location
34 Wembley Hill Road, Wembley HA9 8AD
TIMELINE
Key milestones
April 2015
Land purchased
May 2016
Planning approved
February 2017
Project completion
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