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New partnership to develop mixed-use site in west London

New partnership to develop mixed-use site in west London

Fairview New Homes and housing association L&Q have joined forces to develop a 5.5-acre site in the Park Royal area of London.

The site forms part of the larger redevelopment of Park Royal and Old Oak Common, which is set for a huge regeneration project including thousands of new homes, businesses and a transport interchange where HS2 and Crossrail 1 meet. Thousands of construction jobs will be created by the various projects taking place in the district.

Formerly a car park, it is the third phase of the First Central development on Lakeside Drive and will include over 60,000 sq m of office space and 800 apartments. Bellway, Redrow and Catalyst HA have already built new homes in the first two phases of the redevelopment of the site.

Land director at Fairview Richard Paterson said: "This location is already ‘tried-and-tested’ with the success of an earlier phase and its proximity to Park Royal underground station on the Piccadilly Line and Hanger Lane on the Central Lane, not to mention direct access by road to the A40 Western Avenue and the A406 North Circular."

Group director of development and sales at L&Q Jerome Geoghegan declared that "partnership is at the core of our approach".  

The redevelopment of the area around Park Royal was seen as one of the key priorities for the future of London's economy and housing provision when Boris Johnson was Mayor, and that momentum has continued since.

It is being transformed under the auspices of the Old Oak and Park Royal Development Corporation. Officially launched by Mr Johnson in April last year, it covers 650 hectares. The plan is to build over 25,500 new homes, create 55,000 new jobs and relocate another 10,000 jobs there.

Most of the new homes (24,000) will be located in Old Oak, with the 800 new apartments planned in this latest project making up over half of the new dwellings planned for Park Royal.

Image: iStock

 

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