Meyer Homes is a relatively new development company, only existing for around three years, but they have ambitious plans to create thousands of new homes across London. They have taken on 14 prime sites from Spenhill, the arm of Tesco that develops land. It is hoped that around 4,000 homes in the capital and the South East could be created as a result.
The first two development sites to have plans submitted for them are in Hillingdon and Woolwich. The proposals are to build high rise mixed use properties on the sites. These would create 1,181 new homes and 40,000 square feet of new commercial space.
The smaller of the two schemes is Hillingdon Gateway. It will become home to 377 homes and new workplaces including a shop and cafe. The homes will be in a series of blocks ranging from 4 to 9 storeys. There will also be big improvements to the landscaping and a new public space.
The location of these new properties will make them very attractive to commuters. The five acre site is next to Hillingdon Tube Station, ensuring easy access to both the Metropolitan and Piccadilly lines. Travellers will therefore be able to travel to popular areas in east London and the centre of the city. Although there are shops locally, the large shopping centre at Uxbridge is just a short Tube journey away. There are also great amenities such as Hillingdon Athletics Stadium with its sports and leisure complex.
The Woolwich Central scheme is larger with plans for a 30 storey tower with 804 homes plus new retail and office space. It will be created around the current Tesco supermarket.
Finefair understands the fact that in terms of property investment Hillingdon has plenty of attractive prospects. The location is fantastic, suburban but with excellent transport links across London. We are happy to assist clients who are considering making investments or already have and need professional services.
If you would like to discuss property investment with us please feel free to get in touch.