Pioneering housing development given green light by Sadiq Khan
The £175m regeneration scheme, which will be the biggest since the London Olympics, will begin later this year in the Old Oak area.
The development was given the go-ahead after the proposed level of affordable housing was raised from 33% to 40%, far higher than most new housing schemes in central London over the last few years.
This will see 242 of the homes being affordable, half will be for social and affordable rent, the other half will be available for Shared Ownership.
The site is just south of the Grand Union canal, and is an area that has been derelict for a decade. Sadiq Khan says: “The development marks a significant step in realising the potential of this part of the capital. I am pleased 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 scheme is a joint venture between Genesis Housing Association and Queens Park Rangers football club, which is looking for a site for a 40,000 seat stadium in the area.
Tony Fernandes, co-chairman of Queens Park Rangers, says: “We are committed to bringing forward other sites in Old Oak as soon as possible to create the homes London desperately needs.
"All this will help achieve our goal, which is to secure the future of the club through the construction of a stadium with sporting, community and educational facilities.”
Neil Hadden, chief executive at Genesis Housing Association, said: “We are delighted the redevelopment at Oaklands has been approved.”