London & Regional appointed as development partner

1 December 2014

Cargiant has appointed London & Regional Properties as development partner for Old Oak Park within the Old Oak Common opportunity area, bringing forward major regeneration of a strategically important site for the future of London.

London & Regional is the largest privately held property company in the UK. They have worked on a number of major London regeneration schemes and bring an outstanding track record for creating successful new places and communities.

Tony Mendes, Managing Director of Cargiant, said:

“I am delighted to have London & Regional on board and look forward to working with their team. Cargiant has been part of the local community for over 30 years, and brings with it land, property expertise and local knowledge, and with London & Regional bringing along their development skills and extensive experience, Old Oak Park is destined to become a model community.

“London is in desperate need of more houses and The Mayor and the GLA are working hard to resolve the shortage. By appointing London & Regional at this early stage we will be accelerating the process of delivering our scheme and thousands of affordable houses for Londoners by at least 12 months.

“Old Oak Park will have the needs of the local community at its heart. This development will encompass a large proportion of affordable homes for the local community with waterside living and access to the 170 acre Wormwood Scrubs Park, which is four times the size of Green Park.”

Geoff Springer, Development Director of London & Regional, said:

“We are very excited to be involved in such a vital project for London. The Cargiant site, Old Oak Park, presents the opportunity to deliver the first major commitment at Old Oak Common and set the standard for the development which follows. It is 45 acres, in single ownership, and London & Regional is now appointing a multi-disciplinary team thoroughly experienced in delivering this scale of change and ambition.”

Cargiant, the world’s largest used car dealership, is proposing a £5bn new town on their 45-acre Old Oak Park site, which at present houses up to 7,000 used cars.