Saturday 9 February 2019
As the area poised to become the UK capital’s hotspot for residential and commercial development by 2030, Park Royal is the smarter choice for home buyers, investors and the entrepreneurs of tomorrow.
Already the country’s largest manufacturing and logistics-based district, Park Royal is set to undergo major regeneration as it prepares to ride the wave of growth which is expanding London to the west.
The area will become home to a brand-new district of up to 40,000 new homes, high street and retail centres, supported by a state-of-the-art transport infrastructure which will put the area at the forefront of the UK’s high-speed rail revolution.
The regeneration is set to create 65,000 new jobs, boosting the UK economy to the tune of £7.6 billion.
And with West London already benefitting from unprecedented levels of inward investment, now is the perfect time to take the opportunities presented by Park Royal’s unrivalled growth potential.
Nearby White City is the capital’s fastest growing retail, academic, creative media and fashion district, while Westfield London, the largest shopping centre in Europe, has recently undergone a £600 million expansion, increasing the number of retail outlets to 450 and creating 8,000 new jobs.
Education forms an integral part of the area’s regeneration, with White City now home to the vast, 25-acre, £3 billion campus for Imperial College London, which is now ranked among the top three universities in Europe.
Partnered with China’s Zhejiang University, the new campus aims to support transnational entrepreneurship and is set to increase the Chinese student representation by up to 50 per cent.
The expansion of Imperial College continues into North Acton, where facilities will include a biodiversity park, business, leisure and community space and halls of residence catering for 700 students.
Already boasting excellent transport links to the rest of the capital, Park Royal will benefit from a new state-of-the art rail hub at Old Oak Common, the only station in the country which will be served by both Crossrail and HS2, bringing a further 150,000 jobs to within an hour’s journey of the area.