St George has bought the Northfields Industrial Estate from SEGRO, and willl look to redevelop it as homes.
The 21 acre estate has been acquired with vacant possession. St George say the site “can’t meet the needs of modern industry”. It is designated as Strategic Industrial Land, and represents a loss of employment space which could increase the pressure on neighbouring Park Royal.
However, given it is near the Alperton Housing Zone, and the Alperton Picadilly Line station, housing there will be popular.
A spokesman for St George said: “We are delighted to confirm that we have purchased the Northfields Industrial Estate from SEGRO plc. It is a fantastic site located in the Alperton Housing Zone and we look forward to working with the local community, London Borough of Brent and GLA to masterplan and deliver a fantastic new place. This acquisition comes after months of negotiations by SEGRO plc and St George, to unlock the potential for much needed residential development in this key brownfield site.”