De Vere and Oakwood offload £50m west London scheme

Developer Prime Phenix has acquired a £50m mixed-use scheme in west London from De Vere Partners & Oakwood Real Estate. The £50m Bollo Lane scheme in Acton, W3, has planning consent for 88 flats and 20,000 sq ft of commercial space. The homes will be across two towers of 10-14 storeys. GLPG facilitated the deal. Dean Leslie, director of GLPG, said: “This landmark scheme for the area will provide much-needed private and affordable housing, and is proof that despite a challenging market, residential-led property developers still have confidence in this sector.” To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews View other residential developments in Acton >>