Barratt London will deliver around 1,300 new homes on Hayes site while developer SEGRO will deliver 230,000 sq ft of modern light industrial space.
The former Nestle factory that once produced chocolate and coffee is a feature of the local community and the proposed plans have been designed to honour the heritage of the site.
There are three hectares of new public spaces, including a public plaza at the heart of the development, named after Eugen Sandow, the man who built the factory in 1913.
There will also be improvements made to the local road junctions including the Bulls Bridge Roundabout.
The development will sustain around 350 jobs during the construction phase.
Alan Holland, SEGRO’s Business Director of Greater London, said: “It is the first time that an industrial property company has created a vision that will deliver modern light industrial space alongside a high quality residential scheme and we’re proud that we’re the pioneers for this.
“We look forward to working with Barratt London and the local council to discharge the conditions to enable us to begin on site to deliver the employment space and create the jobs for the local community.”
Matt Calladine, Regional Land and Development Director for Barratt London, said: “Reaching this stage in the planning process has been enormously gratifying for the entire team, who have put so much effort into the design and vision of over 1,300 new homes that will be a much needed addition to the neighbourhood.”
A new supply chain initiative will also be developed to ensure that the smaller businesses and enterprises in and around Hillingdon will be able to compete for construction contracts.
The 30-acre site, which SEGRO acquired in 2015, is in a prime location for business and residents and is next to the Hayes and Harlington railway station which will become a Crossrail station in 2019.