Montreaux buys £1bn Southall scheme

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19 December 2017

Developer Montreaux has bought the Middlesex Business Centre in Southall for a mixed-use regeneration scheme.

The 12.4 acre site has the potential to be transformed into a 2,000-home mixed-use development with an end value in excess of £1bn.

Last year, it received planning permission for 835 homes alongside 230 student beds, a 130-bedroom hotel, and more than 50,000 sq ft of office space and 25,000 sq ft of retail.

David Burke, chief executive of Montreaux, said: “We are very excited to have a chance to work in Southall. The site is in a highly convenient west London location, with excellent transport links, and a strong local economy and workforce. Montreaux is well placed to unlock the potential for a first class mixed-use scheme.”

The site’s proximity to the new Crossrail station is set to be a major factor. Southall’s new station is set to a lead to a wealth of new development. On the former gasholders site, Berkeley through its St William brand has started work on the first phases of its 3,750 home redevelopment. Galliard is planning another 575 homes on a 27 storey scheme close to the station.

Councillor Julian Bell, Leader of Ealing Council said: “We’re looking forward to continuing our transformation of Southall by working with Montreaux and other landowners to enable the development of multiple sites in the area. The developments including Middlesex Business Centre will significantly increase jobs and housing supply across Southall.”

GL Hearn acted for Montreaux.

For more information on GL Hearn’s Real Estate Advisory service contact: David Kane, Director david.kane@glhearn.com

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We're looking forward to continuing our transformation of Southall by working with Montreaux and other landowners to enable the development of multiple sites in the area
Councillor Julian Bell
Leader of Ealing Council

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020 7654 2399
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