July deadline set for Empire deal
by Jim Dunton Tue 23 April 2013, 12:20 pm
Ealing Council and Land Securities are working towards a July deadline for the purchase of the Empire Cinema site, it has been reported.
The milestone will mark one year since the authority gave officers the green-light to seek a Compulsory Purchase Order (CPO) on the site following Empire Cinemas’ failure to commence redevelopment work.
The council and its preferred development partner, Land Securities, delayed pursuit of the CPO following the appointment of fixed-charged receivers for the Ealing Broadway site in February, but they are now warning that a deal must be agreed by July, or the order will be sought, website CoStar said.
CoStar also reported that Land Securities intends to submit a hybrid planning application for its proposed redevelopment of the site in July.
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