A new innovation hub is set to be developed in London for regeneration specialist U+I’s Plus X business. The £7 million project will see the Powerhouse building at The Old Vinyl Factory in Hayes redeveloped.
Since the historic site’s closure, which once housed the EMI HQ, many buildings have been transformed by U+I and it now comprises nearly 650 homes, 550,000 sq ft of office space, and 70,000 sq ft of retail and leisure facilities; including a cinema, gym, cafés and restaurants.
The latest development will give Plus X the scope to offer 29,000 sq ft of BIM Level 2 standard accommodation ideally suited to start-ups and SMEs, as well as reinstating the building’s original Blyth Road frontage and creating an attractive pedestrianised piazza and café.
International property and construction consultancy Gleeds will continue to project manage the scheme until construction begins on site, which is expected to be January 2020, before taking up its role as employer’s agent through to completion.
Kevin Griffiths, Director at Gleeds, said: “The Old Vinyl Factory is a site with a fascinating history and incredible architectural heritage which has been given a new lease of life by U+I. The latest phase of works to reinstate the Powerhouse will not only serve to add to that story but will also support Plus X’s vision of accelerating the growth of hundreds of fledgling creative businesses. I am thrilled that Gleeds is to play such an integral role in the delivery of this exceptional building.”
Richard Upton, Chief Development Officer at U+I, added: “By offering inspiring workspace, incredible facilities and countless opportunities for collaboration, The Powerhouse will play a key role in supporting young and established businesses and entrepreneurs to flourish. The Plus X Innovation Hub will further position The Old Vinyl Factory as a world-class creative and innovative campus. Our partnership with Plus X will allow us to unlock potential and drive business growth, innovation, collaboration and positive social impact among occupants and further transform the local area.”
Plus X hopes to start welcoming entrepreneurial designers and engineers into its new premises by October 2020.