Land Securities had been expected to begin on site at the development late this year
Land Securities has sold its 拢100m Ealing Filmworks scheme in west London to St George, part of Berkeley Group.
Since 2012 the retail developer has been working with Ealing Council to prepare the site for redevelopment. The site has planning consent for 75,000 sq ft of commercial space anchored by an eight-screen Picturehouse cinema, alongside 50,000 sq ft of retail space, 161 homes and public realm.
The government approved a compulsory purchase order last October, which Land Securities said at the time was 鈥渃rucial鈥� in allowing them to deliver the cultural quarter scheme. Construction had been expected to begin late this year.
St George is already delivering the Dickens Yard development in Ealing Broadway, which comprises nearly 700 new apartments and 100,000 sq ft of commercial space near to Ealing Town Hall.
Riccardo Mai, head of development management at Land Securities, said: 鈥淟and Securities is proud of the work we have done to facilitate development of the Filmworks project and bring a cinema back to Ealing.鈥�
St George managing director Michael Bryn-Jones said: 鈥淲e are delighted to continue our investment in Ealing with the acquisition of Ealing Filmworks. It will complement the success of Dickens Yard delivering a much wanted cinema, fantastic new shops and restaurants in the heart of Ealing town centre, as well as high quality homes.鈥�
Councillor Julian Bell, leader of Ealing Council, said: 鈥淭his brings us a significant step closer to the cinema鈥檚 return to Ealing. The Filmworks scheme is a fantastic opportunity to revitalise a large part of Ealing town centre to create a cultural quarter, more jobs and new homes.
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