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21/07/2014

HUB To Build New Homes In London

Housing developer HUB is to build 213 new houses on the former Cathedral Group (Holdings) Ltd and Development Securities' Old Vinyl Factory development in London.

HUB will take forward the development of two sites known as the Boiler House and Material Store. Detailed planning consent was also granted for the Boiler House this year.

The Boiler House and Material Store represent the latest phase to be announced of the £250m redevelopment of the site of the former HMV/EMI record factory in Hayes, west London.

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The first phase of Cathedral and Development Securities' multi-phased regeneration scheme; the 132 home Gatefold Building being brought forward by a partnership between Invesco and Willmott Dixon, is already under construction.

The scheme will create a new community hub with more than 630 homes and 750,000 sq ft of commercial and leisure space – including a seven-screeen multiplex cinema, museum, restaurant complex, shops and bars.

The redeveloped 100,000 sq ft Record Store building will become the home of the Central Research Laboratory.

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."

(CD/JP)

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