Plans approved for affordable housing at Old Oak regeneration site

WCN Editorial Team 5 Aug 2016 EUROPE BUILDINGS

London mayor Sadiq Khan has given green light to the housing development planned for the Old Oak regeneration site in west London, UK.

The £175M Oaklands development will include the construction of 605 homes, of which 50% — up from the 40% originally stated — will be affordable housing units.

The project will also include a nursery, health centre, commercial space, and a new link road into Old Oak.   

The mayor of London Sadiq Khan said: “The development marks a significant step in realising the huge potential of this part of the capital.

“I am pleased that 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 scale and ambition for this development shows London is very much open for business. Despite the uncertainty caused by the UK’s vote to leave the European Union, it remains clear that developers and investors see long-term potential in our great city.”

Old Oak and Park Royal — set to become the key transport interchange for Crossrail and HS2 — is expected to deliver 25,500 new homes and create 65,000 jobs over the next 30 to 40 years.

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