Ealing Town Centre Major Refurbishment
Great things are coming to Ealing Broadway. Town Centre is going to get a face lift now that planning permission has been secured for major refurbishment in the area.A number of important businesses will become new tenants in the area.
In July, the Japanese-inspired restaurant chain Wagamama took on a 25-year lease on a 5,800 sq ft unit in the arcade for £80,000 per year. Wereldhave Property Management is taking on a revitalisation project to rejuvenate the landscape, lighting and public realm. The Arcade work will begin the east High Street refurb. Wereldhave hopes that the revitalisation and the addition of Wagamama and other businesses will attract more leisure and restaurant companies to the area.
Just recently, Benson Elliot, the private equity real estate investment group, acquired the Arcadia Site, which is the major part of the 2.8-acre block in Ealing town centre. It holds the Arcadia shopping centre and several adjacent high street retail units. Benson Elliot plans to take on a phased redevelopment of the property, but no details are forthcoming as yet.
Finally, we have good news about the disastrous Ealing cinema project. After years of neglect and empty promises by Empire Cinemas to finish the refurbishment it started, the council finally issued Empire an ultimatum to finish the work or give up the property. With the deadline for action past, the council is now applying for a compulsory purchase order and looking for a developer or partner to take on redevelopment of the old cinema. The council says it has already received ‘strong interest’ from major developers. Ealing film studios is the oldest film studio in the UK and holds important historic value for Ealing locals.
All of this holds great promise for a revitalised business centre in Ealing. Whilst redevelopment may take years to complete, the council and property owners are moving forward with plans for a stronger, brighter Ealing. In my opinion, we’ll see even more good things to come from it.