The Old Oak and Park Royal Development Corporation has given the go-ahead to the first major planning application in the area.
Genesis Housing Association and Queens Park Rangers Football Club have been given the green light for Oaklands – a £175m mixed-use project to deliver 605 homes, a new link road to Old Oak Common, W3, and public realm improvements.
July 6: Cargiant reveals Old Oak Common masterplan
The Oaklands site, which has been derelict for 10 years, is on the western part of the Old Oak regeneration area.
Genesis controls the Oaklands site, while QPR, which is advised by regeneration consultancy Anthony Green & Spencer, has strategic land interests in Old Oak, where it wants to build a new football stadium.
Stadium Capital Holdings is QPR’s joint venture partner and delivered the Emirates Stadium regeneration including 3,500 homes, 60,000 sq ft of commercial space.
Tony Fernandes, co-chairman of QPR, said: “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 this financial year and is scheduled to complete in 2019.
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