Vice Chair Eric Leach reports that according to ‘Property Week’ magazine would-be Ealing centre developer Glenkerrin is facing collapse.
Grant Thornton is expected to be appointed on 10 May as Administrators to the company’s five London properties. Irelend’s National Asset Management Agency (NAMA) is the instigator of this action. NAMA also appointed Grant Thornton as Receivers to the Irish Glenkerrin properties.
Glenkerrin bought up the existing Arcadia site and other properties immediately west of Ealing Broadway Station and proposed a retail and residential development , including a 26 storey residential block, in 2008. Ealing Council agreed to the Planning Application but the Government eventually turned it down in December 2009. WEN as part of Save Ealing Centre spoke at a Government Inquiry on the application and you can read Eric’s personal blog of the daily twists and turns of this Inquiry here).
It appears that Glenkerrin is in debt to the tune of 650 Million Euros.
WEN is not surprised at Glenkerrin’s collapse, but we are surprised that it has taken so long for it to take place.
Chair of WEN, David Highton reports on the beginning of the end for the Green Man Lane Estate.
Demolition began yesterday as the 10-year redevelopment of the Green Man Lane Estate kicked off in earnest. Council leader Julian Bell was joined by representatives from housing association A2Dominion, builders Rydon, architects Conran and GML residents as the bulldozers finally moved on site. Whatever your views, and West Ealing Neighbours’ views are fully documented on our website this development marks a huge change for West Ealing. When completed the development will house some 2,000 people as compared to the curent 800. This ‘densification’ will be repeated in a year or two when the Sherwood Close Estate (aka Dean Gardens Estate) is similarly redeveloped. Add to these two developments the 100s of new homes at Sinclair House (opposite West Ealing station), the Daniels development, the Waitrose development, the newly completed flats on the old Groveglade indoor market site and many more smaller developments and the changes are having, and will continue to have, a profound impact on West Ealing.
This policy of ‘densification’ lies at the heart of the Council’s plans for the next 15 years as detailed in their Local Development Framework. You can read more about this on our blog by clicking on the LDF category on the right hand navigation and on our website