Keeping a keen eye on costs in a landmark project
With 90,000 seats, Wembley is the second-largest stadium in Europe and serves as England’s national stadium. It is the home venue of the England national football team and hosts major matches, including the FA Cup Final. The stadium opened in 2007 on the site of the earlier Wembley Stadium, which was demolished in 2003.
Our involvement with the project dates back to 2000, when we carried out due diligence on behalf of the financiers. We were then appointed technical advisor and provided consultancy on detailed design development during construction and commissioning. We gave advice on cost planning, civil and structural engineering and building services design and construction. The challenge for our client was to gain a clear understanding of the financial implications of design decisions and construction delivery on potential future income streams.
We acted as project manager for the technical review process, in which we were supported by the architectural and cost consultants. And we continued as the Lender’s Advisor through the construction phase and for the first five years of operation.
During the project our work covered the whole range of technical issues relevant to a major stadium and landmark building, from planning consents to risk analysis, environmental assessment to safety and licensing.