16. Februar 2012 
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Resolution to Grant Planning for first phase of “The Old Vinyl Factory”
Development Securities PLC, in joint venture with Cathedral Group plc, has secured a Resolution to Grant Planning for the first phase, residential element, of its 250 million British Pounds mixed-use scheme, The Old Vinyl Factory in Hayes, Middlesex.
The residential element comprises 132 apartments and marks the initial phase in the wider regeneration of the 18 acre site into a new commercial, residential and community hub. A revised masterplan for the entire site is in advanced stages of preparation prior to submission to the London Borough of Hillingdon. The site was acquired by Development Securities and Cathedral Group for 16 million Euros in April 2011 and currently contains over 700,000 sq ft of commercial buildings, yielding 5.5%.
The residential element comprises 132 apartments and marks the initial phase in the wider regeneration of the 18 acre site into a new commercial, residential and community hub. A revised masterplan for the entire site is in advanced stages of preparation prior to submission to the London Borough of Hillingdon. The site was acquired by Development Securities and Cathedral Group for 16 million Euros in April 2011 and currently contains over 700,000 sq ft of commercial buildings, yielding 5.5%.
