Queens Park Rangers Football Club has unveiled plans for a new 40,000 seater stadium as part of a major regeneration project in the Old Oak area in West London, according to a press statement.
The club has also confirmed it has concluded a letter of collaboration with the GLA and the London Borough of Hammersmith & Fulham to ‘bring forward an early and very significant private sector investment into the Old Oak Common regeneration area’.
It has plans to develop a 40,000 capacity football stadium at the heart of the regeneration area, and for this to be the catalyst that will bring about the creation of a residential and commercial area covering several hundreds of acres – larger than Canary Wharf – ultimately generating 50,000 jobs and 24,000 new homes. The scheme has the provisional title of ‘New Queens Park’.
QPR Chairman, Tony Fernandes, said: “Loftus Road is – and always will be – a special place for the club and our supporters, but we need more than an 18,000 capacity. With no option of expanding here, we have to look elsewhere and we welcome the Mayor’s and Hammersmith & Fulham Council’s commitment to regenerate the area, which includes an option to develop a new stadium at Old Oak as a key catalyst to bring forward redevelopment, cementing our future in this part of West London. Not only will this give us a top quality stadium to cater for QPR’s needs as the club progresses and grows over the years ahead, but we are very excited about being the driving force behind creating one of the best new urban places in the world. This will be the catalyst for the regeneration of a forgotten area – ultimately bringing new transport, 24,000 homes and at least 50,000 jobs. It will create a vibrant new destination in London, boosting local businesses, attracting new visitors and tourism and creating a thriving community”.
The announcement comes after many months of discussions with the Greater London Authority and the Boroughs of Hammersmith & Fulham, Brent and Ealing. QPR and SDC are acquiring significant land holdings in the area and have entered into exclusivity land arrangements with Network Rail and the Genesis Housing Group.