trending Market Intelligence /marketintelligence/en/news-insights/trending/tNg2comoEyowZUp_7YlnwA2 content esgSubNav
In This List

SEGRO's industrial-resi scheme in London gains council approval


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

SEGRO's industrial-resi scheme in London gains council approval

Hillingdon Council has unanimously approved SEGRO Plc's mixed-use scheme for the development of about 1,300 homes adjacent to a proposed 230,000-square-foot light industrial space at the former Nestlé factory site in Hayes, west London, Property Week reported.

Alan Holland, business director of Greater London, told the publication that the company will begin work on the site following the discharge of certain conditions.

SEGRO's partner Barratt London will deliver the residential component of the scheme, which is set to become one of the first large-scale developments to incorporate industrial and residential elements in the U.K., according to the report.

A public plaza at the center of the project will form a part of the three hectares of new public spaces and be named after Eugen Sandow — the man who built the Nestlé factory in 1913.

SEGRO will construct the development on a 30-acre site purchased in 2015, the Dec. 14 report noted.