"Ambitious plans to transform one of the most deprived parts of London into a thriving new district with up to 24,000 new homes and more than 55,000 jobs have moved a step closer.
"Deputy mayor for planning Sir Edward Lister has announced that City Hall is about to enter detailed negotiations with three local authorities for the creation of a Mayoral Development Corporation (MDCto drive the comprehensive regeneration of a 80ha semi-industrial site at Old Oak Common, West London.
"The Mayor’s team will shortly meet with Hammersmith & Fulham, Brent and Ealing councils to agree these details so that the MDC can best maximise the enormous benefits that are linked to the construction of the High Speed 2 (HS2) and Crossrail superhub station that is due to be constructed by 2026.
"Lister made the announcement at the Mipim property fair in Cannes today [20 March]. The announcement follows Johnson’s keynote speech at the same event earlier this week:
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