The Central Ealing Neighbourhood Forum has welcomed the news that Benson Elliot, the current owners and developers of 1 - 8 The Broadway (the former Arcadia Centre), have secured a long-term purchaser for this important corner site in the town centre.
The buyer will be Pramerica Real Estate Investors, the European arm of The Prudential Corporation of America. BE will continue with their construction works and handovers to incoming tenants and Pramerica will take over as long-term owner in the Autumn.
The good news is that this forward commitment means BE has the resources - both financial and people - to focus fully on the next phase of their development.
"This is another positive vote for the future of Central Ealing, and I'm glad that this does not diminish Benson Elliot's commitment to Phase 2," said Nick Woolven, CENF Chair.
In congratulating BE, Mr Woolven added: "We appreciate your enlightened approach to engagement in Ealing's issues. I think this deal indicates that your approach makes economic sense.
"We look forward to meeting Pramerica in due course, as well as continuing the dialogue with BE on how the rest of the larger site will be developed."
What do YOU think? Leave us your comments here.
The buyer will be Pramerica Real Estate Investors, the European arm of The Prudential Corporation of America. BE will continue with their construction works and handovers to incoming tenants and Pramerica will take over as long-term owner in the Autumn.
The good news is that this forward commitment means BE has the resources - both financial and people - to focus fully on the next phase of their development.
"This is another positive vote for the future of Central Ealing, and I'm glad that this does not diminish Benson Elliot's commitment to Phase 2," said Nick Woolven, CENF Chair.
In congratulating BE, Mr Woolven added: "We appreciate your enlightened approach to engagement in Ealing's issues. I think this deal indicates that your approach makes economic sense.
"We look forward to meeting Pramerica in due course, as well as continuing the dialogue with BE on how the rest of the larger site will be developed."
What do YOU think? Leave us your comments here.
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