NEAT Developments and Royal London Asset Management have recently received planning approval from Brent Council for the £200m redevelopment of a former industrial estate at 1-8 Capitol Way in Colindale.

The hybrid planning application includes 444 new homes in the first phase with the ability, subject to further reserved matters applications, to provide up to 1,356 homes in later phases.

The scheme will include over 500 new homes and 44,000 sq ft of modern commercial space, including light industrial uses, for entrepreneurs, start-ups and local SME's.

35% of the new homes are affordable, with 8 four-bedroom mews houses all for London Affordable Rent.

Once complete, the scheme is expected to create over 210 new jobs.

The vacant building on Capitol Way is now set to be demolished to make way for a series of buildings ranging from three to 12 storeys, and a two to three-storey commercial building.

Joe Crawley, MD of NEAT Developments commented: “Working with the Council we were able to increase the number of homes on the site, without compromising the high standard of design, generous open spaces, and vibrancy of a modern mixed residential and employment hub. The current building is a large, tired, shed that no longer has demand from the industrial and logistics industries. Our new proposals are an exciting blend of high quality residential homes mixed with a modern employment offer, leisure, and some retail units. It will bring a vibrancy to the area in keeping with the changing nature of Colindale as a desirable and well connected destination.”