HUB has exchanged contracts on the development of 213 new homes in Cathedral Group (Holdings) Ltd and Development Securities’ Old Vinyl Factory development in Hayes, west London.
The housing developer, which specializes in creating homes for London’s middle income market, will take forward the development of two sites known as the Boiler House and Material Store, which together have existing outline planning consent for approximately 213 homes. Detailed planning consent was also granted for the Boiler House in Q1 2014.
The Boiler House and Material Store represent the latest phase to be announced of the £250 million (€315 million) redevelopment of the site of the former HMV/EMI record factory in Hayes, west London.
The 17-acre scheme, one of the largest regeneration projects in west London, will create a new community hub with more than 630 homes and 750,000 ft² (69.677 m²) of commercial and leisure space, including a 7-screeen multiplex cinema, museum, restaurant complex, shops and bars.
Benefitting from the planned Crossrail connection at Hayes and Harlington station, the Old Vinyl Factory master plan was granted planning consent by the London Borough of Hillingdon on 19th April 2013, and is expected to generate 4,000 new jobs by 2022.
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 said: “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.