Henley Investment Management has secured consent for the redevelopment of an underutilised site on Stanley Road, South Acton in Ealing, London for a mixed-use scheme.
The new development will help to transform this part of South Acton, and forms a key part of the council’s South Acton Industrial LSIS Masterplan. It will provide 10,915 sqft of purpose-built industrial workspace and replacing old industrial units with modern flexible space.
Ian Rickwood, Chief Executive, Henley Investment Management, said: “We are pleased to have secured the green light to proceed with the development which will provide much needed new homes and employment opportunities to the local community. This important milestone is the result of extensive consultation with the council and local stakeholders and our development team looks forward to maintaining these close relationships moving forward.”
The new workspace has been designed to meet the demands for affordable workshop and studio space and the needs of occupiers, such as textile manufacturers, artists, creatives, craftspeople and other local tradespeople.
In alignment with the Council’s vision for the changing future needs of industrial businesses, the development includes 140 new ‘tenure blind’ homes (market sale), a mix of studios, one, two and three bed homes, with 35% intermediate and affordable rent homes.
The new homes, each with its own balcony and access to a communal roof terrace, are co-located with the industrial.
The development, which is car-free, will be outward facing and aims to transform Stanley Road with the introduction of active ground floor use, welcoming entrances and new tree planting, as well as an improved public realm along the pedestrian footpath.