THE Mayor of London, Sadiq Kahn, has approved QPR and Genesis Housing Association’s plans for the first major development at Old Oak.
The Oaklands development will see 605 new homes built, together with a nursery, health centre and commercial space.
Forty per-cent of the homes will be affordable, and the development of a new link road into Old Oak could unlock further development north of the Grand Union canal.
Sadiq Khan said: “The development marks a significant step in realising the huge potential of this part of the capital.
“I am pleased that we have been able to increase the proportion of genuinely affordable homes as part of our ongoing efforts to fix the capital’s housing crisis.
“The scale and ambition for this development shows London is very much open for business. Despite the uncertainty caused by the UK’s vote to leave the European Union, it remains clear that developers and investors see long-term potential in our great city.”
QPR Co-Chairman Tony Fernandes welcomed the news, telling www.qpr.co.uk: “We are delighted that the Mayor has granted planning permissions for the Oaklands development, including hundreds of affordable homes for Londoners.
“Along with our development partners Genesis Housing Association we look forward to creating this new neighbourhood, building a sustainable community where people can live, work and play.
“We are committed to bringing forward other development sites in Old Oak as soon as possible to create the homes that London desperately needs. All this will help us achieve our ultimate goal, which is to secure the future of the club through the construction of a new stadium with sporting, community and educational facilities.”
Neil Hadden, Chief Executive at Genesis Housing Association, added: “We are delighted that the redevelopment at Oaklands, in one of Hammersmith and Fulham’s most important regeneration sites, has been approved. We will now be able to provide hundreds more affordable homes for Londoners on a once derelict site.
“Partnerships such as the one we have with QPR enable us to invest, not only in building new homes, but in developing new communities.”
Loftus Road is currently the fourth smallest ground in the Championship and only the ninth biggest in London.
QPR is working with Stadium Capital Holdings (SCH) to secure the future of the club through the construction of a new stadium with sporting, community and educational facilities.
SCH delivered the Emirates Stadium regeneration, which included 3,500 new home and ‘The Studios’ – an innovative complex of flexible business space aimed at the hi-tech and creative sectors.
We are delighted that the Mayor has granted planning permissions for the Oaklands development.