Property firm St George, which is part of the Berkeley Group, has acquired Northfields Industrial Estate from SEGRO plc.
St George has bought the 21 acre site unconditionally and with vacant possession.
The acquisition takes St George developments in London to 10, having acquired Ealing Filmworks in August 2016.
A spokesman for St George said: "We are delighted to confirm that we have purchased the Northfields Industrial Estate from SEGRO plc.
"It is a fantastic site located in the Alperton Housing Zone and we look forward to working with the local community, London Borough of Brent and GLA to masterplan and deliver a fantastic new place.
"This acquisition comes after months of negotiations by SEGRO plc and St George, to unlock the potential for much needed residential development in this key brownfield site."
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