Generation Estates has acquired the Hammersmith Palais site from London & Regional.
London & Regional secured permission for a scheme involving the demolition of the Hammersmith Palais and its replacement with student accommodation. The new building, which will house 418 students in self-contained rooms, will be five storeys high at the front, facing onto Shepherds Bush Road, and ten storeys high at the back of the site, next to the underground line.
There is also retail and leisure in the plan, which will see the end of the former music hall – called the Palais de Danse when it opened as a ballroom in 1919. Once complete, the facilities will comprise a mix of studio rooms and smaller en suite study bedrooms.
These deals will extend Carlyle’s total capacity to 1,800 beds in London, with a total development value of around £300m.
Generation, owned by Carlyle, plans to have the student facilities open in 2013 or 2014.