Arcadia developer site sold off

Proposals which would have transformed the Arcadia shopping centre in Ealing Broadway have been abandoned after developer Glenkerrin was forced to give the site up to administrators.

The Irish firm will have to sell off the site as part of its UK assets in an action being brought by the National Asset Management Agency to retrieve debts of about 650 million euro.

Glenkerrin's development, which would have consisted of several tower blocks, 567 flats and 37 shops, was originally passed by Ealing Council but was then rejected by Secretary of State for Communities John Denham in December 2009.

Save Ealing Centre (SEC), a group of residents set up to fight the proposals in December 2007, and Ealing Civic Society also emerged victorious from a public inquiry into the plans.

SEC member Eric Leach said: "Now it's a case of waiting to see who will buy all or parts of the site. I would like to believe that whoever that is they will not have the same ideas for the site as Glenkerrin had.”

IBB has one of the largest real estate groups in West London and the South East, with expertise in commercial development, residential development, real estate investment and management, and real estate dispute resolution. Contact a member of the team by visiting the relevant service page, or you can call us on 08456 381 381 or email enquiries@ibblaw.co.uk.