Ikea has put a site in west London up for sale with potential for a £100m residential-led mixed-use scheme.
The company has appointed CBRE to field offers for the freehold of the vacant three-acre Hillingdon Circus plot on Long Lane, which has capacity for almost 400 homes. The site is owned by Ikea Properties Investments Ltd, according to documents filed with the Land Registry.
Ikea had once earmarked the brownfield site for a 74,760 sq ft, six-storey store, but plans were turned down by Hillingdon Council in 2005.
Architectural firm JTP has prepared three massing studies outlining the site’s potential. One comprises 235 homes and 6,000 sq ft of commercial space across buildings of between five and 10 storeys. The second would see 323 homes and 4,000 sq ft of commercial space, with buildings of between five and 11 storeys. The third is for 393 homes and 900 sq ft of commercial space spanning buildings of five to 16 storeys. All options include 120 car parking spaces.
CBRE is inviting unconditional and subject-to-planning offers for the site.
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