The Oaklands rental housing project is the first development being brought forward at the vast Old Oak Common site which ranks as the largest UK regeneration scheme since the London Olympics.
It also represents the first step in a revenue raising plan by QPR to help fund construction of a new football stadium.
Works comprise the demolition of derelict buildings to make way for a new west London neighbourhood consisting of 605 new homes, – 40% social and affordable homes – and 40,000 sq ft of commercial space.
Mark Donnelly, Chief Operating Officer at QPR said: “This is a significant moment for west London with the delivery of new homes, including significant numbers of affordable homes and jobs which will be a real boost to the area.
“We are delighted to be working with Galliford Try Partnerships to deliver the Oaklands development and look forward to accelerating the delivery of more houses on other sites which will all help to deliver our long-term aim of a new stadium.”
Galliford Try Partnerships Chief Executive, Stephen Teagle, said: “This contract adds to our growing order book across all regions and underlines our accelerated delivery programme for the provision of affordable homes across London, – bringing the total value of contracts awarded to our south- east business unit during the last quarter to over £430m.”