Imperial College London has confirmed the purchase of Victoria Industrial Estate from SEGRO plc.
"The site has been identified for major mixed-use development by Imperial’s strategic partners Old Oak and Park Royal Development Corporation (OPDC) and Ealing Council as part of the area’s significant regeneration plans. In the future it could provide an opportunity for the expansion of new science and innovation spaces alongside accommodation for innovators.
"Imperial’s investment has been supported by the Government’s emerging Industrial Strategy and the significant demand from deep-tech entrepreneurs wanting to scale up in Imperial’s existing innovation spaces. The acquisition and plans have been supported by the Government’s proposed reforms to the National Planning Policy Framework, with a renewed drive on delivering major infrastructure and commercial development for the Science and Innovation industry."
The full flummery:
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