SEGRO has selected Barratt London as the residential partner to deliver over 1,000 homes on the former Nestle plant in Hayes, West London.
SEGRO will be responsible for delivering 230,000 sq. ft. of industrial and urban logistics warehouses that have the potential to create up to 400 jobs.
SEGRO and Barratt London will work together with Hillingdon Council to achieve planning consent, with SEGRO eventually selling the land earmarked for residential to Barratt London who will be responsible for delivering the homes and community space on the former coffee and chocolate factory site.
SEGRO bought the 30 acre site in January in 2015 as part of its strategy to provide high quality urban warehousing to meet the growing demand from occupiers.
Alan Holland, SEGRO’s Business Unit Director for Greater London, said: “This is an exciting time for SEGRO as we embark on a new journey to deliver both first-class urban warehousing alongside a high quality residential scheme. London’s population is set to expand significantly over the next decade and with land supply diminishing rapidly, we understand the need to think creatively to meet the need for homes and jobs.
“As experts in developing sustainable, modern industrial and logistics warehouse space we are delighted to partner with Barratt London who have a strong track record in taking complex sites and transforming them into great places to live.
“We will bring forward the space for jobs and businesses and Barratt London will bring forward the homes for Hayes.”
Alastair Baird, Barratt London’s Regional Managing Director said; “This year we are set to complete around 2,000 new homes across London and this agreement with SEGRO will boost our pipeline of future projects. It demonstrates that our technical capability in delivering complex schemes continues to provide us with a competitive advantage in London. Working with SEGRO, we will draw on our experience to design and build a great place to live and work on this important regeneration site in Hayes.”
The agreement is subject to planning permission.