Re Wembley

Quintain Estates & Development PLC
20 July 2004

20 July 2004





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



MAYOR OF LONDON ENDORSES QUINTAIN'S 5.3 MILLION SQ FT WEMBLEY PLANNING
APPLICATION





The Board of Quintain confirms that it has been notified today that the Mayor of
London, Ken Livingstone, has written to the London Borough of Brent ('Brent
Council'), signalling his approval of the Company's plans for the 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 new National Stadium.



Quintain views this decision, which follows quickly from Brent Council's
Planning Committee resolution to grant outline planning approval as notified to
shareholders on 4 June this year, as an important milestone in the life of the
project.  A decision is also awaited from the Office of the Deputy Prime
Minister (through the Government Office for London).



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 in Autumn 2004, 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 early 2006.



The proposed development, as outlined in the planning application submitted by
Quintain in October 2003, 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, 82,000 sq ft of new community space, a 420 room hotel and 678,000 sq ft
of new office space.



Nick Shattock, Property Director of Quintain, said:



'In our experience, the degree of liaison regarding our plans for Wembley over
the last several months between the Greater London Authority, London Development
Agency and Brent Council has been unique.



'There is a genuine shared vision and real momentum to create new homes, jobs
and community facilities for Wembley and to deliver for London a world class
visitor destination centred around the National Stadium.



'We are very grateful for the support of the Mayor of London personally and are
pleased that we are already well advanced with the Section 106 Agreement and
therefore firmly on track to start on site this Autumn.



'Following our recent success at the Greenwich Peninsula with our partners Lend
Lease, we are setting new standards in collaborative working, leading to a
shortening of historic planning timetables.'

ENDS





For further information, please contact:



Quintain Estates and Development
Nick Shattock
Tel: [phone]



Financial Dynamics
Stephanie Highett/ Dido Laurimore
Tel: [phone]





Notes for Editors



•         The report from the Greater London Authority ('GLA') that accompanied
the Mayor of London's letter to Brent Council concludes as follows:



'The application proposal is supported by both the strategic and local planning
policy framework.  The proposed Section 106 planning obligations package......
...and the ongoing commitment of Quintain Estates and Development to work
collaboratively with both Brent Council and the GLA group will help ensure that
the development proposals will provide the anticipated local and strategic
regenerative benefits to this important sub-regional brownfield site.  As such,
the application is considered to be in the best interests of planning in London.
'



•   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) 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)

•   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



•    As with all such applications, the planning application is now
referred to the Government Office for London (on behalf of the Office of the
Deputy Prime Minister) for a decision on whether the Government wishes to
call-in the application for a public inquiry.  Simultaneously, Quintain remain
in discussions with Brent Council to conclude the Section 106 agreement.






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