Industrial Investment / Development Acquisition
First Way, Wembley
Grant Mills Wood acted for Cole Waterhouse in the off market acquisition of a multi let industrial warehouse scheme in close proximity to Wembley stadium. The site is 1.73 acres (7,001sqm) in size and it is located on First Way, Wembley, HA9.
Grant Mills Wood agreed short-term lettings on the void space (with flexible LL breaks) to Hermes and Dignity PLC to maintain income whilst planning was progressed.
Planning was successful and Cole Waterhouse working together with the Topland Group, in partnership with UCFB agreed a pre-let to deliver 196,000 sq ft student led scheme. The scheme is currently onsite and will comprise of 682 student beds over 7 storeys split up into the following; 483 cluster beds, 48 studio beds, 112 dudio beds and 84 trudio beds. The academic accommodation will include a 300-person auditorium and seminar rooms as well as student study areas, a gym, a library/ IT suite and two communal garden areas.
Unite Students forward funded the scheme in 2018 for £98m.