Henley Investment Management has secured planning consent for the redevelopment of an underutilised site in South Acton, west London.
The mixed-use scheme on Stanley Road will deliver 140 new homes – with 35% intermediate and affordable rent and 10,915 sq. ft of purpose-built industrial workspace.
The new workspace has been designed to meet the demand for affordable workshop and studio space and the needs of occupiers, such as textile manufacturers, artists, creatives, craftspeople and other local tradespeople.
Ian Rickwood, chief executive, Henley Investment Management, said:
”We are pleased to have secured the green light to proceed with the development, which will provide much-needed new homes and employment opportunities for the local community. This important milestone is the result of extensive consultation with the council and local stakeholders, and our development team looks forward to maintaining these close relationships moving forward.
The development will be outward facing and will transform Stanley Road with the introduction of active ground-floor use, welcoming entrances and new tree planting, as well as an improved public realm along the pedestrian footpath.
1st March 2024
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