Stadium - itk told me unigate 100%

[cross it Dave]

The Loftus Rd pitch is a little over 8,000 square yards, which is roughly 1.6 acres, so 10.3 acres should be plenty, even room for a pie & mash shop and a decent boozer or two.

[silvercue]

QPR and Chelsea hopes of moving to a new ground in Hammersmith & Fulham turned to rubble this week when owners of one of the last available sites slapped a prohibitive £220 million price tag on it. fulham and hammersmith chronicle
didnt TF or AB mention £180million.....not too far off

I think 180m was mentioned by TF in an interview as cost for the whole stadium, not the land.

[stansleftfoot]

There are planning restrictions in place on Loftus Road that add a major cost to QPR leaving the Borough, So i guess the deal hinges on what is called planning gain. So the Borough give change of use to Residential for Loftus Road. I believe outline planning permission is already agreed for all the Unigate site which is a mix of retail, residential and business. If the Unigate site is built as a Joint venture with Populous as designers and current owners as builders a deal could be struck.
10 Acres is small, hence the recent plans for a 35 story Tower. Given that a Tower is clearly out of context in the West London area the developers need another solution and Tony Fernandes and QPR could be it. Its always been the most suitable site for Fans, its just been a question of timing....we might have just got lucky. Haven't heard anything in my local pub though!

[ollyhoops]

There is a covenant on the pitch as well, they can never build on that grass, but they can build around it where the stands are etc.

£20m per/acer in W12.

[QPR71]

damn its sooooo complicated

[QPR71]

what is "planning gain"?

[Gtleighsr3]

its a necesity that Travellers dont care about when taking land.

[QPR71]

i dont think planning permission has been given its in second consultation...rival bids can still exist

[W12_Ranger]

Today I drove past the Unigates site for the first time since the fire, the potential is a lot more visible now...the ground simply has to go there. The land that it occupies must be nearly 3 times that of Loftus Road. Probably the most difficult part about a potential construction there will be the bridge across the London Underground Central line due to the programming of possession works and completing it within that time frame

[brightonr]

There is a covenant on the pitch as well, they can never build on that grass, but they can build around it where the stands are etc.

£20m per/acer in W12.

Sounds a lot.

Laptop or Desktop?

[QPR71]

Sounds a lot.

Laptop or Desktop?

lots of money but land is an asset.... prices will only go up

[stansleftfoot]

Planning Gain is a Council swapping the loss of an amenity in one place for a gain in another....the covenant on the Pitch is tricky and the terraces of houses round two sides limits the commercial viability or the potential profit.
So i'm thinking that the loss of residential on the Unigate site for the gain of residential at Loftus Road. The Council keep the Business Rate from QPR staying in the Borough and get their mixed use on the Unigate Site.
It makes sense to me but tbf i know nothing.........

[CroydonCaptainJack]

There are planning restrictions in place on Loftus Road that add a major cost to QPR leaving the Borough, So i guess the deal hinges on what is called planning gain. So the Borough give change of use to Residential for Loftus Road. I believe outline planning permission is already agreed for all the Unigate site which is a mix of retail, residential and business. If the Unigate site is built as a Joint venture with Populous as designers and current owners as builders a deal could be struck.
10 Acres is small, hence the recent plans for a 35 story Tower. Given that a Tower is clearly out of context in the West London area the developers need another solution and Tony Fernandes and QPR could be it. Its always been the most suitable site for Fans, its just been a question of timing....we might have just got lucky. Haven't heard anything in my local pub though!

I would guess change of use shouldn't be too much of an issue as we are moving within the borough so no loss of employment as such. Although some councils can be odd abaout that as they argue there were two 'employment' sites previously and now there is only one.

[CroydonCaptainJack]

Interesting that about the covenant on the pitch. Could be used as a recreation area within a residential development but would reduce the value as there would be less units as a result. Despite being next to the WC Estate I think there could be quite good sales prices on any apartments there

[QPR71]

those on the other side of the motorway to the site (sheperds bush / westway link) are protesting the 35storey tower as they think it will drop house prices. bloke who moved into a house with a black door with number10 on it is one of those house owners