Old Oak Common is London’s biggest regeneration opportunity since the Olympics. For QPR the question is whether they will be able to build the new stadium there that they see as essential to the future of the club. Their ‘New Queens Park’ scheme involves building 24,000 homes and it is claimed that it would create 55,000 jobs.
Old Oak Common is London’s biggest regeneration opportunity since the Olympics. For QPR the question is whether they will be able to build the new stadium there that they see as essential to the future of the club. Their ‘New Queens Park’ scheme involves building 24,000 homes and it is claimed that it would create 55,000 jobs.
Car dealership Cargiant, who have been on the site for 35 years, have brought forward their own scheme for regeneration. QPR do not own any of the land, but they have deep pockets. Air Asia entrepreneur Tony Fernandes, the QPR chairman, is part of a consortium that includes the scion of the billionaire Gnanalingam family, which is the major shareholder of the Malayisan ports operation Westport Holdings.
The Greater London Authority sees the potential of a stadium as part of any redevelopment, but it will not pressurise Cargiant to give way. There is little prospect of the club obtaining a compulsory purchase order to force Cargiant to sell.