Last week, Development Finance Today revealed that the football club had submitted plans in partnership with Genesis Housing Association for the £175m regeneration scheme at the top of Old Oak Common Lane.

Now the Old Oak and Park Royal Development Corporation (OPDC) has given its consent for the first major development at Old Oak. 

The scheme will go to Sadiq Khan, Mayor of London, for final approval and, if approved, work will begin this financial year with the project expected to take three years to fully complete. 

The scheme is set to create 605 new homes, 40% of which will be affordable housing. 

“This is the start of [a] long-term strategic investment for QPR at Old Oak and demonstrates our commitment to the area,” said Tony Fernandes, Co-Chairman of QPR.

The football club is keen to build a new stadium as part of the wider development, but Mr Fernandes said this could only be achieved by taking equity interests in wider regeneration projects.

"We are continuing to talk to the OPDC about our vision for a new stadium, which will have sporting, educational and community facilities that will be used all year round.”

Neil Hadden, Chief Executive at Genesis Housing Association, added: "We are delighted to be part of the redevelopment of Old Oak, one of Hammersmith & Fulham's most important regeneration sites at which so many new homes will be built, of which 240 will be affordable.

"We are committed to the future regeneration of Old Oak and partnerships such as the one we have with QPR will enable us to invest, not only in building new homes, but in developing new communities."

Picture attributed to Queens Park Rangers Football Club