Plans unveiled for 515-home Wembley scheme

Plans have been submitted for a 515-home mixed use development in Wembley, north west London.

Developer and landowner Canada Israel and development manager and consultant Avanton plan to build a scheme with a gross development value of £250m on the 2.5acre Wembley point site.

The planned Stonebridge Place development will include 515 homes, of which 35% will be for affordable tenures, including 117 for affordable rent and 57 shared ownership.

The scheme, designed by architect Patel Taylor, will consist of a 32-storey tower providing 266 homes and a second stepped tower rising from 10 to 20 storeys providing 249 homes.

The development also includes commercial space, a new boxing gym, public café and a new civic square.

Plans for the development have been submitted to planning authority Brent council. The new development will sit alongside Canada Israel’s 439-home WEM Tower scheme. 

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Canada Israel is a real estate investor and developer based in Tel Aviv. It has developed numerous residential properties on Israel’s coastline and has also built Microsoft’s office complex in St Petersburg, Russia.

Gil Selzer, managing director of Canada Israel UK says: “This proposed residential-led development at Wembley Point is a major urban regeneration project that will create a new destination for South Wembley. Stonebridge Place marks the next step in Canada Israel’s international expansion plans and building a strong real estate presence in the London property market.”