Cargiant has named London & Regional to replace Lipton Rogers and First Base as development partner on Cargiant’s Old Oak Common regeneration project in west London.
First Base and Lipton Rogers, Stuart Lipton’s development company, will no longer have any involvement in the project as a result of negotiations last week to shake up the delivery team.
The used car dealership’s managing director, Tony Mendes, said the shakeup could accelerate delivery of the development plan by as much as 12 months.
Cargiant is planning its own regeneration plan for its 45 acres of holdings in west London, in direct competition with Queen’s Park Rangers, which wants to anchor a major project with a new stadium in the area.
Mendes said: “Since we’re looking at phase two and bringing in a development partner, we can’t have two consultants at the same time. First Base will now step aside and we will continue with London & Regional to bring forward the project.”
Cargiant wants to build 9,500 homes, employment space, a high street and schools on its holdings in the area, which are key to the QPR plan.
In October Cargiant bought a strategic industrial site formerly occupied by John Lewis on nearby Park Royal for £26m.
QPR had pulled out of bidding on that site in order to facilitate Cargiant’s relocation away from Old Oak Common, but Cargiant could now use the site to relocate tenants in order to advance its own plans at Old Oak.
London & Regional is backed by Ian and Richard Livingstone, who worked on the West Ferry printworks.
The Cargiant reshuffle comes after QPR held a public consultation in November in which 89% of the public backed its plan to build a 40,000-seat stadium and 24,000 homes.
