Ealing Councillors voted last night to grant planning permission for a new 170,000 sq ft Grade A office development, the first major office development in Ealing for almost a decade.

This best-in-class development will rival office space in the West of London as well as Central London. The scheme shows post-Brexit confidence in this location and will capitalise on the arrival of Crossrail in Ealing, providing connectivity to Bond Street in just 11 minutes, as well as the continued investment into retail and leisure improvements.

Nick Lee, Head of Commercial Development at CEG, said: “Despite the Brexit uncertainty, we are confident that Ealing offers a fantastic investment opportunity, due to the arrival of Crossrail and the fact that it doesn’t have the office stock to capitalise on the significant enquiries in the market place.

“Our proposals will deliver Ealing’s first new Grade A office space in nearly a decade, enabling it to effectively compete with the West End as a prime business location.”

The scheme will bring substantial economic benefits to this urban location including:

  • £50million private sector investment
  • £423m in net additional GVA per annum
  • £1.79m in annual Business Rates
  • Creating up to 2,300 full time jobs, including construction and permanent jobs
  • As part of the proposal, the developer will also invest in transport improvements and cycling upgrades

Demolition is due to commence in April paving the way for this investment. CEG has worked closely with Ealing Borough Council and together are looking to support existing employers in Ealing as well as attracting inward investment to the Borough.

CEG manages a 12m sq ft commercial property portfolio around the UK, of which 52-58 Uxbridge Road has been an asset since 1997. Hanover Green and Savills have been appointed as agents marketing the site.

For further information please contact Victoria Walker on 07413 563905 e: victoria.walker@ceg.co.uk

London Build is the leading and largest construction show for London and takes place at the Olympia on October 25th & 26th. London Build is FREE to attend and features 100+ speakers, thousands of attendees, CPD-accredited training workshops,  and entertainment. Book your free ticket today by clicking here

Facebooktwitterlinkedininstagram