Crest Nicholson has announced plans for a new mixed-used development in Hayes, known as The Machine Store. The new development will comprise a collection of 81 studio, one, two and three-bedroom apartments, along with retail space and a health centre, built on the iconic site of the former EMI vinyl factory.
Work on the new site is scheduled to commence in spring 2018, with the first show apartment set to launch in January 2019. In line with Crest Nicholson’s commitment to supporting the first-time buyer market in the capital, 95% of all units will be available to purchase on the London Help to Buy scheme.
The site forms part of the Old Vinyl Factory, a £250 million project by regeneration specialists U+I which once complete with provide 640 much-needed new homes, 550,000 sq. ft. of office space and 70,000 sq. ft. of retail and leisure space. Crest Nicholson will work alongside U+I to ensure that the vision of the project is realised. Works on The Machine Store project will create approximately 80 new construction jobs.
Alongside high-quality new homes, the regeneration of the Old Vinyl Factory will also include space for new businesses, shops, a museum, live music venue and public spaces. The site is already home to a University Technical College, which specialises in the broadcast of digital in the media industry.
The development is situated just 0.4 miles from Hayes & Harlington station, and once Crossrail opens later this year, it will offer direct trains into London Liverpool Street in 27 minutes, and Canary Wharf in 35 minutes. The station will also have 10 trains per hour into London Paddington station. The development is also just a 10-minute drive from Heathrow airport, the world’s busiest international airport.
Séan Ruane, Sales & Marketing Director at Crest Nicholson London, said:
“We’re pleased to announce our involvement in this exciting regeneration project in West London. Supporting our strategy to provide exceptional first-time buyer homes in well located, well connected parts of the capital. This focus follows the huge success we’ve had with our developments in Lower Sydenham, Dylon Works, and Peckham, Wood’s Road.
“With the arrival of Crossrail later this year, Hayes is set to become even more popular with those looking for easy access into the heart of the capital.”
Tom Edgerley, Development Director at U + I, said:
“It is exciting to watch The Old Vinyl Factory come to life, with students, office workers, residents and visitors who are all benefitting from this major regeneration. This latest partnership with Crest Nicholson marks a vital new addition to the development, providing much needed, high quality homes within this vibrant mixed-use community.”