A spokesman for St George said:
"We are delighted to confirm that we have purchased the Northfields Industrial Estate from SEGRO plc. It is a fantastic site located in the Alperton Housing Zone and we look forward to working with the local community, London Borough of Brent and GLA to masterplan and deliver a fantastic new place. This acquisition comes after months of negotiations by SEGRO plc and St George, to unlock the potential for much needed residential development in this key brownfield site."
- Northfields Industrial Estate is 21 acres.
- St George has bought the site unconditionally and with vacant possession.
- The acquisition of Northfields takes St George developments in London to ten, having acquired Ealing Filmworks in August 2016.
- Northfields is a case of where the site cannot meet the needs of modern industry and, despite being SIL (Strategic Industrial Land), is better suited for redevelopment, offering the opportunity to benefit the London economy, help meet London's housing need and contribute to the GLA Alperton Housing Zone, and enhance the local area and London Borough of Brent.