Category Archives: Park Royal

LondonMetric buy in Alperton

LondonMetric Property has bought a logistics warehouse in Alperton. The 20,000 sq ft warehouse has been acquired for £7.7 million. It is currently let to Ford as a service and parts centre and has been comprehensively refurbished. The building is … Continue reading

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Park Royal to get new studios

Arts Alliance is to open the Garden Studios in Park Royal, a 62,000 sq ft learning, research and production space. The facilities will include three sound stages along with a specialised virtual production stage, along with workshops, technical facilities, and … Continue reading

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Financing agreement confirmed for Crossrail project

The Mayor of London, Transport for London (TfL), the Department for Transport (DfT) and HM Treasury have confirmed an agreed funding and financing package for the final phase of the Crossrail project. This means work on the railway can continue … Continue reading

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David Lunts appointed as Chief Executive of OPDC

The Old Oak and Park Royal Development Corporation (OPDC) has announced the appointment of David Lunts as its permanent Chief Executive Officer. Since taking the role of OPDC’s Interim Chief Executive last year, David has been instrumental in driving the … Continue reading

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Employment and Skills Hub is set up with HS2 funds

A new Employment and Skills Hub has been set up with HS2 funding. The Old Oak and Park Royal Development Corporation (OPDC) has been successful in its bid to the HS2 Business and Local Economy Fund, securing over a quarter … Continue reading

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Aberdeen to buy Park Royal Estate

Aberdeen Standard Investments is to buy the Park Royal Estate, it is reported. They will pay around £19m for the two acre estate which comprises three buildings totalling 63,000 sq ft at 1-2 Brent Crescent and 11 and 13 Brentside … Continue reading

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The Collective buy freeholds

The Collective have acquired the freeholds of four West London properties that they currently rent. The Collective bought the freeholds for a total consideration of £25m from Glenstone Property. They have occupied these properties for many years. Their business model is … Continue reading

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SEGRO backs Park Royal discount card

SEGRO, which owns and manages seven industrial estates in Park Royal, alongside the Old Oak and Park Royal Development Corporation (OPDC), is sponsoring an initiative that will enable workers to claim discounts at local businesses across the estate. The Park … Continue reading

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Milestone as HS2 station construction partner takes over Old Oak Common construction site

The construction of the interchange between Crossrail and HS2, set to be the UK’s largest newly-built railway station, has reached a new milestone – station construction partner, the Balfour Beatty VINCI SYSTRA (BBVS) joint venture, has taken possession of the … Continue reading

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Network Homes secures green light for 158 affordable homes at Central Middlesex Hospital

Network Homes has secured planning permission for 158 affordable homes near Central Middlesex Hospital in Park Royal. The decision by Old Oak and Park Royal Development Corporation (OPDC) means surplus NHS land will be transformed into a mixture of one, … Continue reading

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Crossrail still making progress

Crossrail say they plan to bring the Elizabeth line into passenger service as soon as practically possible in 2021, and that their focus is on meeting the immediate challenges posed by COVID-19 and keeping the programme moving forward. Crossrail is … Continue reading

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Emma Williamson appointed Director of Planning at OPDC

The Old Oak and Park Royal Development Corporation (OPDC) has appointed Emma Williamson as its Director of Planning. Bringing 25 years of industry experience, Emma will be joining OPDC in early August from the London Borough of Haringey, where she … Continue reading

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Old Oak plans approved

Plans for the new Old Oak Station have been approved, meaning the largest new station ever built in the UK can begin construction. The plans, by archirtect Wilkinson Etre and engineer WSP, will produce the interchange between HS2 and Crossrail. … Continue reading

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Valor buys in West London

Valor Real Estate Partners has bought a 100,000 sq ft multi-let industrial park in Ruislip and a 38,000 sq ft property in Park Royal. The Ruislip acquisition comprises 10 fully-let units, while the second acquisition in Park Royal is located … Continue reading

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New focus for Old Oak and Park Royal regeneration

The Old Oak and Park Royal Development Corporation (OPDC) has set out a revised approach to deliver the proposed tens of thousands of new homes and jobs through collaboration with major public sector landowners. The regeneration of Old Oak, Park … Continue reading

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Prologis to buy Park Royal Hub

Prologis is reported to be ready to buy 15 Central Way, a 70,000 sq ft industrial unit in Park Royal, for £23m. The building is let to Santa Fe, and currently owned by Dulwich Estate. It is seen as part … Continue reading

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Old Oak and Park Royal Local Plan update

OPDC’s Local Plan examination in public has been continuing during the summer and the Planning Inspector has now issued his interim findings report. OPDC say this shows the Inspector considers OPDC’s plans for the first phase of development in Old … Continue reading

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Mayor lends OPDC £10m

The Mayor of London has agreed a £10m loan to the Old Oak and Park Royal Development Corporation, to help them begin work while they are waiting for their £250 Housing Infrastructure Fund grant to be finalised. The HIF money … Continue reading

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Diageo move opens up Park Royal opportunity

Diageo is to move its headquarters in to Soho Square, opening up their First Central building – known as 7HQ – as a significant landmark office opportunity. In recent years, Diageo’s use of the building had become less intensive – … Continue reading

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OPDC hands out first arts grants

Six community projects have been awarded funding to put art, culture and heritage at the heart of the major development and regeneration planned for Old Oak and Park Royal. The Old Oak and Park Royal Development Corporation (OPDC) has awarded … Continue reading

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