Lend Lease plans has acquired the freehold of a 1.3 acre site on Chiswick High Road with plans to develop a residential and retail scheme on the site.
Lend Lease said this morning it had purchased the site from Scottish Widows Investment Partnership, acting for Clerical Medical Investment Group Ltd.
The site, 408-430 Chiswick High Road, comprises 69,000 square feet of existing buildings, including an 11-storey vacant office tower and seven retail units.
Lend Lease said it would apply for all necessary planning permissions later this year to create “a high-quality development which enhances the local environment with the potential to provide both residential and retail space for the local community”.
Dan Labbad, Lend Lease’s Group Chief Operating Officer and Chief Executive in Europe, said: “We are delighted to have acquired this outstanding site in a prime West London location.”