New €99m housing development unveiled for London laundry site

UK housebuilder Weston Homes is to build an £85 mln (€98.8 mln) mixed-use project including 227 homes on a former laundry site in London.

The company acquired the Watford Laundry Factory premises, a one-hectare site in the north-west of the city, from laundry operator Clean Linen Services Ltd. The development will also include a commercial facility, piazzas and landscaped grounds.

The accommodation will comprise 208 one-, two- and three-bedroom flats and penthouses for private sale as well as 19 affordable homes. Construction work is expected to begin in the autumn of 2019 with the first homes ready for sale next spring.

The Watford Laundry Factory served London's five-star hotels, The Old Bailey court complex and Harrow school between 1907 and 2012. It was purchased in 2015 by Clean Linen Services, but ceased operating after the company built a new £15 mln laundry facility in Berkshire.

The scheme is Weston Homes' 10th site acquisition in the last six months and feeds into a pipeline that will see more than £700 mln of new homes built across London and south-east England, with an average unit selling price of £250,000.

The group’s current and pipeline development portfolio now stands at over 7,500 new homes, with a completed value approaching £3 billion.

Bob Weston, chief executive of Weston Homes, said: 'Our acquisition of the Watford Laundry Factory is the latest in a series of site purchases that Weston Homes is in the process of undertaking as part of our ongoing major expansion.'


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