Largest regeneration project in the UK will provide tens of thousands of new homes and jobs
Construction work has started on the first properties at Old Oak in west London providing 25,000 homes and 65,000 jobs over the next 30-40 years..
On Friday, deputy mayor of London James Murray and chairman of the Old Oak and Park Royal Development Corporation (OPDC) Liz Peace CBE were joined by QPR Football Club and Genesis Housing Association to help demolish a derelict hostel that will make way for a new neighbourhood consisting of 605 new homes – 40% of which will be affordable.
The remaining homes will be one, two and three bedroom apartments for rent to suit different budgets, with all remaining in the ownership of Genesis and QPR. None will be sold. They are the first to be built at Old Oak and Park Royal, with the first residents expected to move in from early 2020.
Designed by CZWG Architects, the £175m Oaklands scheme is being developed by QPR and Genesis and will provide the start of a new link road from Old Oak Common Lane into the wider regeneration area, enabling neighbouring sites to be developed.
It will also encompass 3,500m2 of office and commercial space to accommodate mainly small and local businesses.
Old Oak will be the location of the new Crossrail/HS2 ‘superhub’, with commuters connected to London’s West End in 10 minutes, eight minutes to Heathrow and 38 minutes to Birmingham.
Murray said: “The regeneration of Old Oak and the surrounding area represents a once-in-a-generation opportunity to deliver thousands of genuinely affordable homes for Londoners.
Pearce added: “This first major scheme granted consent by OPDC and the Mayor paves the way to creating a place where people will want to live, work, spend their leisure time and bring up their families.”