The property developer will create 181 newly built one-, two- and three-bedroom apartments on the site, with construction set to commence later this year.
Planning consent was granted for the seven-storey Assembly Buildings in 2018.
Of the 181 new apartments, 52 will be affordable and the project will also comprise 13,000 sq ft of retail space on the ground floor, which will remain owned by U+I.
- Plans for £300m urban village revealed
- Assetz Capital provides £7.2m facility to fund NI development
- Consero London acquires Bushey site for £50m luxury resi scheme
Rebecca Selby, senior development manager at U+I, said that it was pleased to be working with Weston Homes to bring a new phase of homes and commercial space to the Old Vinyl Factory.
“Drawing on the site’s incredible architectural and cultural heritage as the former headquarters of EMI and His Master’s Voice, the Assembly Buildings will provide a focal point at the heart of the site for the Old Vinyl Factory’s growing community.”