LONDON-Development Securities and Cathedral Group have secured resolution to grant planning consent from the London Borough of Hillingdon for the GBP 250-million regeneration of the Old Vinyl Factory in Hayes. The partnership acquired the 18-acre site for GBP 16 million in April for a 1.5-million-square-foot mixed-use project.
The first phase of the project will include 132 apartments. The master plan for the site calls for almost 642 new homes, 550,000 square feet of commercial space a multi-screen cinema, bars and restaurants. For the full story, go to Europe Real Estate .
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