SEGRO has secured detailed planning consent from Hillingdon Council for 501 Riverside Way, a 37,240 sq ft, 80 bedroom Premier Inn hotel and Beefeater Grill restaurant, together with a speculative 26,430 sq ft industrial unit.
The scheme, on the Riverside Estate in Uxbridge is the final phase of the development. The estate extends to 172,000 sq ft, and is home to companies such as Bosch, Manpower, Monster Energy, Kommerling UK and Aristocrat Technologies.
The speculative industrial development forms part of SEGRO’s strategy to use its land bank to deliver high end industrial space suitable for companies involved with urban distribution, trade counters, light industrial and warehousing.
Once completed, the hotel and restaurant will seek to create 60 jobs, with SEGRO and Whitbread committing to target around half at long-term unemployed people in the borough. Further employment opportunities will be created once the speculative industrial unit is let.
501 Riverside Way is the second London development project between SEGRO and Whitbread. SEGRO is currently building a 44,100 sq ft, 96 bedroom hotel at Advent Way in Enfield, together with 84,150 sq ft of speculative industrial units.
Alan Holland, SEGRO’s Business Unit Director for Greater London, Said: “Together with our new industrial unit, the development will revitalise the high quality environment of Riverside Way, and boost the availability of business amenity space, enhancing its attractiveness to local businesses and prospective customers.
“Riverside Way illustrates our ongoing commitment to creating modern new business accommodation in major conurbations in order to meet anticipated market demand, while also improving the public realm and amenities, and providing local employment opportunities.”
Jonathan Langdon, Acquisitions Manager for Whitbread Hotels and Restaurants, said: “The new development represents a significant investment in the local area and will deliver another excellent London location as we look to strengthen our presence in the capital.”
The new hotel and restaurant will offer new services and business amenities such as meeting rooms and conference facilities. The development will also create public open space, provide a new riverside footpath and improved access to nearby green space.
Construction of 501 Riverside Way will start on both the hotel and industrial facilities in July 2014, with practical completion expected in June 2015.