NEWS / Infrastructure Intelligence / Development partner search begins for London’s £10bn Old Oak scheme

Progress at Old Oak Common station
Image: HS2

18 MAY 2026

DEVELOPMENT PARTNER SEARCH BEGINS FOR LONDON’S £10BN OLD OAK SCHEME

London’s biggest brownfield site is being readied for redevelopment after public bodies struck a landmark land deal for the site around HS2’s Old Oak Common station.

The mayor of London’s development corporation, Old Oak and Park Royal Development Corporation (OPDC) has announced that heads of terms have been agreed for a Public Land Agreement with government, the Department for Transport and Network Rail, unifying 70 acres at Old Oak into a single development site.

The agreement unlocks plans for 8,000 homes, 11,000 jobs and a new canal‑side district centred around the new station at Old Oak Common.

OPDC is now launching procurement for a private sector partner, to join with it in delivering the £10bn Old Oak scheme, with a public two‑stage process opening this month for interested development and investment teams. A preferred partner is expected to be selected by spring 2027.

Set around Old Oak Common station in west London – which will link HS2, the Elizabeth line, the Great Western Main Line and Heathrow Express - the Old Oak project will also deliver 200,000 sqm of commercial and community space, new public realm and green space and a world‑class hub for tech, research and business.

This partnership between London and national government marks a major step forward in driving both London-wide and national housing delivery and economic growth. It follows investment of £340m from the Ministry of Housing, Communities and Local Government (MHCLG) used by OPDC to assemble privately owned sites in Old Oak. 

A tender notice, providing instruction on how to access the procurement portal, will be available on the Old Oak section of the OPDC website and via the government’s Find a Tender Service from 28 May 2026. 

Mayor of London, Sadiq Khan, said: “The new station at Old Oak Common for HS2 will be a massive catalyst for growth, housing and jobs in West London and will drive a £10bn boost to the national and local economy.

“This partnership unlocks all that – bringing together 70 acres of land so Old Oak and Park Royal Development Corporation delivers what is one of the UK’s largest regeneration opportunities, including 8,000 new homes.”

Dame Karen Buck, chair of OPDC, said securing the land was a “breakthrough moment”.

“Now, we are seeking an exemplar joint‑venture partner with the vision and capability to turn this ambition into reality,” she added. “Together, we will drive this forward at pace to create the capital’s next great urban district: a place that shows what can be achieved when public purpose and private expertise work side by side.”

 

INDUSTRY NEWS THAT MIGHT INTEREST YOU

;