It seems like each week we’re hearing about new and exciting plans to develop sites in the heart of Ealing Broadway. British Land recently purchased the Ealing Broadway Shopping Centre and Land Securities recently revealed its plans to transform Ealing’s cinema site with their “Ealing Filmworks” multi-plex.
Now Ealing Council has paved the way for the Arcadia Centre in Ealing to be redeveloped.
The centre as it stands now has 25 small retail units whereas the newly proposed site will host just 3 stores – including a brand new Morrisons “Fresh Format” store, a newly enlarged TK Maxx and new corner unit for McDonald’s.
The new centre will be rebranded as 1-8 The Broadway and will be open for trading in time for Christmas next year. Benson Elliot, a leading UK-based private equity real estate investor is responsible for transforming this familiar site in Ealing.
Peter Cornforth, Director of Retail at Benson Elliot was quoted in the Ealing Today newsletter as saying:
''Our vision breathes new life into this hugely important site, turning the old Arcadia Centre inside out to create three prime shop units fronting The Broadway.”
''It's particularly encouraging to see major high street brands sharing our vision and launching their best-in-class formats with us in time for Christmas trading next year.
''Ealing Council’s unanimous vote to approve the scheme and the support of local civic and community groups through our consultation process sets the tone for a very bright future for the north side of The Broadway and the town centre as a whole.
“This first phase creates a platform to develop the strategy for our wider Arcadia site and since purchasing the portfolio in December 2012 we have acquired additional adjacent properties to round out our ownership. We are looking forward to consulting with the Council and community on the wider framework and continuing to deliver high quality proposals in this vibrant London location.”
The site will feature new design elements including making the corner entrance accessed from the junction of the Broadway and Springbridge Road a focal point with a new illuminated lantern clock. The building’s façade will also be given an inviting new look.
Richard Haynes, Development Executive at Morrisons, confirmed that “Ealing is an exciting growth area” and that is the reason they are looking to expand into the heart of W5.
Regular customers of McDonald’s and TK Maxx will continue to be able to enjoy these outlets as they will continue to serve customers during the building works.
Northfields also recognises the growth potential and increased demand in the Ealing Broadway and that is why we are so excited to be expanding our successful lettings office across from Ealing Broadway station to include a new dedicated sales office. The newly expanded office will open on July 1st, giving sellers in Ealing the unique opportunity to use an agent with an office in all three of the key areas of Ealing – Pitshanger, Northfields and Ealing Broadway.
For sellers this means greater exposure for their property with our offices working together to show buyers property across the three areas of Ealing.
If you are not sure how all these changes in Ealing have affected the price of your property, we’d be pleased to give you an up-to-date appraisal on the value of your home. A member of our award winning team can give you a no obligation valuation. It’s free. There’s no fuss and it only takes 20 minutes. Call us to today to arrange an appointment that best suits you on 020 8740 6622 or email us at [email protected] .