Fairview and L&Q buy at First Central

Fairview New Homes and L&Q have formed a joint venture to develop a 5.5 acre mixed-use site in Park Royal.

The pair have acquired the former car park which forms phase three of the First Central development on the former Guinness sports ground near Hanger Lane for around £40m. The site has outline consent for 60,000 sq m of office space and 800 new homes.

The Old Oak and Park Royal Development Corporation vision for the site is for a residentially-led mixed-use scheme.

Allies and Morrison are designing a scheme for the JV.

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