Cargiant unveiled ambitions plans yesterday to turn its 46-acre site at Old Oak Common into a new £5bn district with 9,000 homes, further dashing QPR’s hopes of building a stadium on the land.
The car dealership firm and its development partner London & Regional said the site would be renamed Old Oak Park and be turned into a “series of new neighbourhoods” with one million square feet of office space as well as a new cultural quarter, that will support around 8,000 jobs.
Cargiant managing director, Tony Mendes, said: “We have a fantastic site with over a kilometre of canal, what will be the best transport connections in London and the best fibre optic network in the UK – here we can create something truly special – a new piece of London.”
Old Oak Park is part of mayor Boris Johnson’s Old Oak Common and Park Royal Opportunity Area, which plans to turn the wider 2,300 acre site into a “superhub” supported by the arrival of Crossrail and High Speed 2 (HS2).
QPR had hoped a new 40,000-stadium could be part of the redevelopment but Cargiant has refused to house the club on its land.
QPR’s relegation and the threat of a fine being imposed by the Football League has further dampened hopes of building a bigger stadium soon.