Catalyst announces purchase of £14 million Ealing hospital site and its entry into the London land market
Published by D Blackett for Catalyst Housing in Housing and also in Communities
CGI of St Bernard's
Catalyst (a leading London developer and housing association) has purchased a 5.6 acre site in Southall, in the “Crossrail corridor” in west London. Catalyst will bring the site, which is next to Ealing Hospital, back into use to provide housing for hundreds of people – drawing on its expertise in creating multi-tenure developments to transform the site into a new vibrant and mixed neighbourhood.
Catalyst plans to build 270 homes on the site for a range of tenures, including private sale, shared ownership, and both affordable and social rent.
The site has outline planning consent from the London Borough of Ealing for residential, as well as some commercial and event space. Catalyst is looking to invest a further £65 million developing the site over the next four years, and plans to start on site this autumn.
Announcing the deal on Wednesday 12 March at MIPIM, Tom Titherington, Catalyst’s Director of Business Development & Market Intelligence, said: “Securing this strategically important site, which, being in Southall – one of the Mayor of London’s Opportunity Areas – is poised for major improvements over the coming years, is central to our strategy to grow our presence in London and the south east.
“Our land team are actively looking for development sites across west and north west London, the Thames Valley and M1 corridor, in line with our long-term plans.”
Also commenting on the deal, Eric Munro, Director of Estates and Facilities at West London Mental Health NHS Trust, said: “We are delighted that this surplus land on the St Bernard’s site will be used by Catalyst as part of a substantial regeneration of this part of West London. Our trust is investing the sale proceeds in the construction of a new medium secure hospital elsewhere on the St Bernard’s site so that we improve the facilities in which we care for patients as well as the care we are able to offer those in need.”
READ NEXT »