The Mayor of London, Sadiq Khan, has approved a recommendation by Liz Peace CBE, Chair of OPDC to appoint Victoria Quinlan and William Hill as new Board members of the corporation tasked with spearheading the delivery of tens of thousands of new homes and jobs at the West London site.
Victoria Quinlan is currently the Managing Director – Investment Management for Lendlease, a global property and infrastructure company listed on the Australian stock exchange with operations in Australia, Asia, America and Europe, and a global development pipeline of c £30bn. Victoria has extensive experience in Property Development, and is a well-known figure in the London planning sector.
William Hill is an experienced property investment specialist with 33 years in the industry, including 22 years as head of property at Schroders plc, a large global investment management house. He formed his own consultancy company in November 2013. He is regarded as an investment expert within the industry and frequently quoted in the national and specialist trade press for his views.
Old Oak and Park Royal is one of the most important regeneration projects in London, with a new High Speed 2 (HS2) and Crossrail Station due to be constructed at Old Oak by 2026.
Redevelopment of the area has the potential to deliver 24,000 new homes and 55,000 jobs in Old Oak and 1,500 new homes and 10,000 jobs on the adjoining Park Royal industrial estate.
OPDC was established in April 2015 to drive forward future development plans for the wider area. OPDC has full planning powers within its 650 hectares boundary that includes land in the boroughs of Hammersmith & Fulham, Ealing and Brent.
Chairman of OPDC, Liz Peace, said: “Old Oak and Park Royal is one of the most important regeneration projects in London and is set to be the largest new development in the capital since the London 2012 Olympic and Paralympic Games. I look forward to Victoria and William joining the Mayor’s team so that we can work together to capitalise on their wealth of experience and expertise to secure the best possible scheme for the community in the area and all Londoners.”
Victoria Quinlan, said: “I am thrilled to have been offered a position of Board member of the Old Oak and Park Royal Development Corporation and I am greatly looking forward to working with the Mayor, the OPDC team, GLA, local authority partners, central government and the private sector to turn this massive regeneration opportunity into a thriving new quarter for London.”
William Hill, said: “I am delighted to have been appointed as a Board member at OPDC. The project is not without its challenges, but large-scale regeneration is never easy. The prize, however, will be a series of high quality places, affordable homes and thousands of new jobs to benefit the west London community and Londoners – and all within reach of world class new transport infrastructure.”
On 29 October, Deputy Mayor for Housing, James Murray joined Liz Peace at the first ground-breaking on the Genesis and QPR site, Oaklands to kick-start the wider regeneration of Old Oak and Park Royal, the largest Opportunity Area in London.
The OPDC Board sets the strategic direction for the Corporation. It approves the budget and business plan, and other major and strategic issues, such as the investment programmes and planning policy. It appoints the members of the planning committee and any other committees that may be required.