Member Article
St George acquires £100m Ealing Filmworks scheme
Property firm St George, who are owned by the Berkeley Group, has announced the acquisition of a £100m Land Securities development in Ealing town centre.
Detail planning permission has been obtained for the Ealing Filmworks site, which has been planned since 2012, with 75,000 sq ft of retail space including a multi-screen Picturehouse cinema along with 161 new homes, restaurants, cafes and shops.
Ealing Council worked closely with Land Securities in planning and developing the site with it is hoped will become a major cultural hub in the town.
This new investment marks another Ealing project for St George, who are also working on the Dickens Yard development in the town.
Michael Bryn-Jones, Managing Director at the property firm said: “We 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.”
Riccardo Mai, Head of Development Management at Land Securities, hailed Berkeley-affiliated firm’s track record and said: “Land Securities is proud of the work we have done to facilitate development of the Filmworks project and bring a cinema back to Ealing.
“We are delighted to have now secured an agreement with St George, a company with unquestionable track record of delivering major developments.”
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