QPR chairman Tony Fernandes faces an uphill battle to build a new stadium at Old Oak Common, with Cargiant currently working on their own regeneration plans.
The club had hoped to be playing in a new stadium by 2018, but with current landowners Cargiant not interested in selling their 45 acres to the club, the likelihood of the Rs building the stadium in the Old Oak area appear to be slim.
Tony Mendes, managing director of Cargiant, said: “We are moving ahead with extensive plans for the Hythe Industrial Estate in NW10, which has been earmarked as a future regeneration site by the Mayor of London.
“As a significant land owner and employer in the area for more than 35 years, we are fully committed to develop plans that will benefit the local community by creating thousands of new homes, significant commercial space, vibrant and attractive public realm, community amenities and thousands of jobs for local people.
“Cargiant had partnered with experienced developers First Base and Lipton Rogers to develop our plans, and we have already committed contracts up to the value of £15 million to progress the application for outline planning permission.
“Consultation on the development plans will commence shortly and the team is looking forward to working with local stakeholders, the Greater London Authority, the London boroughs of Hammersmith & Fulham, Brent and Ealing to bring these plans to life.”
“These development plans will require Cargiant to move. The business will relocate when an adequate site has been established and when the development plans have been formalised through planning.
“Managing both in parallel is what makes the business case and this is a key priority.”
Cargiant and its partners have started site surveys and are conducting lots of other related activity around the Hythe Industrial Estate.
The company is planning on expanding on the existing site and has plans for three new multi-storey car parks. The company also recently purchased the John Lewis site at Kendall Avenue as part of future expansion plans.
The company plans to retain all its staff and recruit further employees to enable its growth in any redevelopment or relocation plans.
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