The company has purchased the Ealing Filmworks site in the town centre from Land Securities.
Detailed planning consent for the site has already been approved, which includes 75,000 sq ft of retail space anchored by a multi-screen Picturehouse cinema. Other features include a mix of restaurants, cafes, shops and bars, 161 new homes, including 'affordable' homes, and a landscaped public square.
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Michael Bryn-Jones, Managing Director of St George, said: "We are delighted to continue our investment in Ealing with the acquisition of Ealing Filmworks. It will complement the success of Dickens Yard delivering a much wanted cinema, fantastic new shops and restaurants in the heart of Ealing town centre, as well as high quality homes."
Riccardo Mai, Head of Development Management at Land Securities, added: "Land Securities is proud of the work we have done to facilitate development of the Filmworks project and bring a cinema back to Ealing. We are delighted to have now secured an agreement with St George, a company with unquestionable track record of delivering major developments."
(LM/CD)
