DevSec report West London progress

Development Securities have reported progress on their West London schemes in their Interim Statement.

The statement notes that they secured a planning consent for their joint venture with Cathedral Group at The Old Vinyl Factory in Hayes for a 1.5m sq. ft. mixed use scheme comprising 550,000 sq. ft. of commercial space, up to 642 new homes, a central leisure street with cafes, bars and a nine screen multiplex cinema as well as extensive new public space.  The cinema is under offer to Vue.

DevSecs say they anticipate an imminent start on site in respect of the first phase of the residential component.

At 399 Edgware Road – the former Oriental City – they have submitted a planning application for a mixed-use regeneration scheme with determination anticipated in the first quarter of this year. The proposed scheme comprises an 80,000 sq. ft. food store, pre-let to Morrisons, 223 residential units and 56,000 sq. ft. of additional space dedicated to Oriental and Far Eastern food and retail.

DevSec say they are in discussions with a housebuilder over the residential element, and with an investor over the Oriental food and retail offer.

In Hammersmith, at the 275,000 sq. ft. office development in Hammersmith Grove, construction of the £75m first phase is on plan, with the 110,000 sq. ft. due for practical completion in spring 2013.

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