Southern Grove links up with Topland for €100m London residential-led project

UK developer Southern Grove has joined forces with private investor Topland Group to acquire a retail block at 104-110, The Broadway in the London borough of West Ealing with the aim of transforming it into a new residential and retail scheme.

Tom Slingsby, land director at Southern Grove, said the company next month hopes to submit plans for a scheme with a gross development value of around £69 mln (€100 mln), 'comprising around 140 apartments with a large retail unit of 15,000 sq ft (1,400 m2) on the ground floor'.

Details of the transaction were not disclosed.

'Ealing Council have very impressive plans to regenerate this area which is set to get a massive boost from Crossrail,' said Andrew Southern, Chief Executive Officer at Southern Grove. 'Our company is in a very exciting phase in its evolution and is currently working on a number of very interesting off-market residential and hotel proposals. But we are always looking for new opportunities.'

Strutt & Parker acted for Southern Grove on the acquisition.