Galliford Try is understood to have secured the first major scheme at London’s vast Old Oak Common regeneration zone.
Development partners Genesis Housing Association and Queens Park Rangers Football Club plan to build 605 new homes on part of the vast new regeneration site in a development to be known as Oaklands.
London’s Old Oak and Park Royal Development Corporation approved the £175m mixed-use scheme last month.
Galliford Try’s Partnership arm is expected to start work at the beginning of 2017. Several existing buildings will be demolished to make way for three major blocks rising in height from around 10 to 26 floors.
The proposed scheme, designed by CZWG Architects, includes over 200 units of affordable housing to be managed by Genesis Housing Association.
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.”
