Go-ahead for phase two of £250m Old Vinyl Factory

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Go-ahead for phase two of £250m Old Vinyl Factory

According to housing developer Hub, contracts with Cathedral Group and Development Securities to develop new residential homes on the site of Old Vinyl Factory in west London have been signed.

 

The two sites are known as the Boiler House and Material Store, which have a combined planning consent for around 213 homes.

 

The first phase of Cathedral and Development Securities’ multi-phased regeneration scheme - the 132 home Gatefold Building – is currently under construction by a partnership between Invesco and Willmott Dixon.

 

It has been envisaged that the 17-acre scheme will create a new community hub with more than 630 homes and 750,000 sq ft of commercial and leisure space – including a 7-screeen multiplex cinema, museum, restaurant complex, shops and bars.

 

The new development will be amongst a pipeline of over 500 new homes in developments in Acton and the Royal Docks.

 

The Old Vinyl Factory master plan was granted planning consent by the London Borough of Hillingdon in mid-2013, and is forecasted to generate 4,000 new jobs by 2022.

 

HUB plans to re-submit detailed plans for both sites in the next few months.

 

Cathedral Group CEO Richard Upton said:

 

“The Old Vinyl Factory is very close to our hearts at Cathedral Group for many reasons, and we are delighted to bring a company with HUB’s experience and reputation on to the project’s delivery team. Since we and our partners at Development Securities first acquired the site in 2011, we have taken great care to rediscover its past as well as make great plans for its future.”

 

Steve Sanham, development director at HUB Residential, commented:

 

“Cathedral’s redevelopment of the Old Vinyl Factory is exactly the kind of scheme that we are proud to be part of – regenerating a classic part of London’s history, with a development that will give a huge amount back to the local community and London as a whole.

 

“What London needs is more projects like this, demonstrating close working between local residents, local authorities and developers, bringing to the market much needed high quality homes and creating interesting new places where people want to live.”

 

Photo Source: Building

 

Sources:

www.constructionenquirer.com

www.building.co.uk/green-light-for-next-phase-of-£250m-old-vinyl-factory-scheme/5069851.article

www.hubgroup.co.uk

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