Ballymore has formed an alliance with Sainsbury’s to develop an 18-acre site in Ladbroke Grove, W10.
The strategic partnership will see the creation of a £1.7bn mixed-use canal-side town centre with 2,800 homes. As part of the partnership, 60/40 in Ballymore’s favour, Sainsbury’s will get a new 130,000 sq ft store.
Proposals for the site, which forms a a huge chunk of Kensington & Chelsea’s Kensal Canalside Opportunity Area, will include civic spaces, restoration of an historic canal basin, and a generous mix of retail, leisure, cultural, community, small business workspace and educational uses.
Ballymore boss Sean Mulryan said: “Partnerships like this one show the type of innovative approach needed to tackle London’s housing shortage. We are pleased to be a step closer to submitting an application and realising our ambitions of a mixed-use scheme that will transform the area.”
Patrick Dunne, Sainsbury’s property director, said the agreement was “a momentous opportunity to deliver an exciting new vision for Ladbroke Grove”.
To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews
