Berkeley Group has revealed that their 88-acre Southall Waterside regeneration project. This large-scale development is expected to increase the local economy by £47 million. The project will see the creation of 3,750 new homes as well as community facilities and an increased amount of employment opportunities for the area.
This major boost to the local economy will see millions injected into the area, which can only lead to more positive results. This West London regeneration is expected to uplift the area through the construction of the massive scheme.
The project will lead to an influx of new homes, that should go some way to meet the housing demand in the UK. There will also be 600 jobs created during the project and also post-construction. The development will lead to 500,000 sq. ft. of new space for retail units as well as restaurants and cafés. The downside of all this news is that the projects will take 25 years to complete. Berkeley will be in charge of transforming the former gas works facility into a mixed-use destination. The designs for the regeneration have been inspired by the diverse culture of the Southall area, although it will also compliment the established town centre.
The development will see the creation of a new health centre and a two-form entry primary school as well as providing the future residents with plenty of green and outdoor space. In fact, over half the site will be allocated to open space, either as square and courtyard gardens or as a network of public garden space. There will be a central park running through the development site and will connect the Grand Union Canal to the west of the development to the Crossrail Station at the east boundary.
The proposed development is expected to house 9,000 people which should boost local spending due to the increase of possible consumers. This is another boost on top of the increase in housing and jobs for the area.