Fragrance of success for Perfume Factory
Wed 14 January 2015, 3:38 pm
Developer Essential Living is in consultation with Ealing Council and local residents over proposals for its Perfume Factory development.
The North Acton site was acquired in July 2014. Essential Living is proposing to build between 480 and 550 rental homes there, as well as developing between 6,000sq m and 7,000sq m of commercial space, and 5,000sq m of gardens.
Essential Living has agreed a £20 million debt facility with Venn Partners to fund the construction of the rental homes in Acton.
A planning application will be submitted for the Perfume Factory project later this year.
Rob Hill, finance director at Essential Living, said: “The Acton scheme will be our biggest to date and one which we hope will set new standards for how the private rental sector can be judged.”