Land Securities sells Ealing Filmworks to St George
8 August 2016
Land Securities has announced the sale of the Ealing Filmworks site in the heart of Ealing town centre to St George.
Land Securities has worked in close partnership with Ealing Council since late 2012 to prepare the site for development. Over this period, Land Securities obtained detailed planning consent for a high-quality leisure quarter in the town centre with 75,000 sq ft of high quality retail space anchored by a multi-screen Picturehouse cinema. The development will have a mix of restaurants, cafes, shops and bars, 161 new homes, including affordable homes, and a landscaped public square.
St George has a proven track record in creating high quality mixed-use developments across London and is already successfully delivering the Dickens Yard development in Ealing Broadway.
Riccardo Mai, Head of Development Management at Land Securities, said: "Land Securities is proud of the work we have done to facilitate development of the Filmworks project and bring a cinema back to Ealing. We are delighted to have now secured an agreement with St George, a company with unquestionable track record of delivering major developments”
Michael Bryn-Jones, Managing Director of St George PLC said: “We are delighted to continue our investment in Ealing with the acquisition of Ealing Filmworks. It will complement the success of Dickens Yard delivering a much wanted cinema, fantastic new shops and restaurants in the heart of Ealing town centre, as well as high quality homes.”
Councillor Julian Bell, leader of Ealing Council, said: “This brings us a significant step closer to the cinema’s return to Ealing. The Filmworks scheme is a fantastic opportunity to revitalise a large part of Ealing town centre to create a cultural quarter, more jobs and new homes.
“I am pleased that we will once again be working with Berkeley Group who are already playing a key part in transforming the borough with high quality developments such as Dickens Yard in Ealing and Southall Waterside”