London’s Old Oak and Park Royal Development Corporation has approved its first major planning application for a £175m mixed-use regeneration project.
Development partners Genesis Housing Association and Queens Park Rangers Football Club plan to build 605 new homes – 40% affordable – on part of the vast new regeneration site in a development to be known as Oaklands.
The project will also provide a link road into Old Oak, opening up the wider area to regeneration. The football club has acquired strategic land interests throughout the Old Oak regeneration area for both its planned stadium and associated enabling works.
Over the next 30-40 years up to 25,500 homes and 65,000 new jobs are aimed to be created at the Old Oak and Park Royal regeneration area, which will be a key transport interchange for Crossrail and HS2.
Neil Hadden, chief executive at Genesis Housing Association, said: “We are committed to the future regeneration of Old Oak and partnerships such as the one we have with QPR will enable us to invest, not only in building new homes, but in developing new communities.”
The Oaklands site is located on the western part of the Old Oak regeneration area, south of the Grand Union Canal.
Tony Fernandes, co-Chairman of QPR, added: “This is the start of longterm strategic investment for QPR at Old Oak. While our primary interest is securing the future of the club through the construction of a new stadium, we will only be able to deliver this by taking equity interests in wider regeneration projects such as Oaklands. We are continuing to talk to the OPDC about our vision for a new stadium which will have sporting, educational and community facilities that will be used all year round.”
The scheme will now go to the Mayor of London for final review. Work is due to start in this financial year and is expected to take three years to fully complete.