Old Oak and Park Royal Development Corporation (OPDC) has agreed heads of terms with the UK government, the Department for Transport (DoT) and Network Rail to consolidate 70 acres around Old Oak Common into a single public-sector development site and launch the search for a private-sector partner to deliver the £10bn (US$13.3 billion) regeneration scheme. 

The initiative opens up one of the UK’s biggest regeneration opportunities to the development sector, with proposals including 8,000 homes, 200,000 sq m of commercial and community facilities, alongside new parks and upgraded public spaces. OPDC is set to begin a two-stage procurement process in May 2026 to appoint a development and investment partner for the £10bn project, with a preferred bidder expected to be selected by spring 2027.

The new interchange station — connecting HS2, the Elizabeth Line, the Great Western Main Line and Heathrow Express — is expected to serve as the centrepiece of a new waterside neighbourhood and a major destination for technology, research and commercial activity in West London. The Public Land Agreement will, for the first time, bring together land owned by OPDC and the DoT into a single coordinated development framework to support integrated planning, infrastructure delivery and regeneration.

The agreement follows £340m in funding from the Ministry of Housing, Communities and Local Government, which enabled OPDC to acquire privately held land parcels across the Old Oak area. From May 28, 2026, a formal tender notice will be published on the OPDC website and the UK government’s Find a Tender Service, providing prospective bidders with access to procurement information and tender documentation.