London real estate development and investment group Dominvs said on Thursday that it has secured planning consent from the London Borough of Brent for the £250 mln (€275 mln) mixed-use regeneration of the Euro House site in Wembley to provide 493 apartments and penthouses, retail outlets and 30,000 sq ft (2,787 m2) of makerspace (light industrial/workshops).
The consented Euro House development is one of the largest residential schemes that Dominvs Group has taken through planning and is part of the group’s strategy to diversify into the residential market over the next five years.
Located just a few minutes walk from the iconic Wembley Stadium, the adjacent London Designer Outlet retail village, and Wembley Park Underground Station the new Euro House development is designed by architects AHMM (Allford, Hall, Monaghan & Morris).
The 541,564 sq ft development is located on a freehold 2.8-acre industrial site on Fulton Road, with a former warehouse building and yard set to be replaced by four new buildings, rising from 11 to 21 storey, containing one, two and three bedroom apartments of which 98 provide affordable housing and the balance private sale. The development has been designed to achieve a BREEAM Excellent rating.
Husnell Ahluwalia, director of Dominvs Group said: ‘The timing of this planning consent on the Euro House development in Wembley Park has been perfect, co-inciding with the announcement and introduction of a Covid-19 vaccine. There has been a strong return of confidence that by Spring 2021 we will start to see a return to normality, which will unlock significant pent-up buyer demand in the London housing market, and Dominvs Group now has a major consented scheme on this site ready for a strong market.’