We’re The Famous John Sisk And We’re Going To Wembley

• Browse By Section
• News
• We’re The Famous John Sisk And We’re Going To Wembley

Quintain, the developer behind Wembley Park, has signed its largest construction contract to date, awarding £227 million to John Sisk & Son to deliver two new residential buildings.

The buildings, currently known as NE02 and NE03, will be the first to be delivered at Wembley Park’s North East Lands development, the latest quarter of the 85-acre site to be transformed by the developer. Quintain broke ground at North East Lands, which will deliver a total of 2,000 homes, earlier this year as the developer celebrated 20 years at Wembley Park.

Fixed price

The contract has been agreed at a fixed price. Whilst not uncommon, a fixed price contract committed to by both parties, during a period of high inflation and following the impact of Covid and Brexit, was felt necessary. This outcome was achieved through early engagement with the wider contractor framework, cultivating transparency and a fair allocation of risk.

 “Whilst the wider economic picture may be one of uncertainty, Quintain is committed to delivering hundreds of new homes for London at the right time and cost.”

– James Saunders 

CEO, Quintain

Market confidence

”The commitment to building a further 769 homes at Wembley Park in plots NE02 and NE03, during a period of economic uncertainty, demonstrates Quintain’s confidence in the market and in its Build to Rent product so successfully managed by its Quintain Living team, currently at over 3,000 homes,” continues Saunders.

Union

Ajaz Shafi, COO, UK & Civils at John Sisk & Son, adds:  Together we have created over 2,000 homes, along with a 365-bed hotel, 660 bed student resident units, 1,000 bay carpark, and over five acres of incredible public realm, with another 817 homes now currently under construction. The homes will be delivered alongside the completion of Union Park, which is to span a full seven acres across Wembley Park, three and a half of which are already complete and open to the public alongside children’s play areas and water features.”

Picture: The Wembley Park project.

Article written by Cathryn Ellis
30th September 2022

Share

Related Articles