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Old Oak to install ex-BPF chief Liz Peace as chair

Former property trade body chief Liz Peace is to be installed as the new chair of the Old Oak and Park Royal Development Corporation. 

Ms Peace, who spent 13 years as chief executive of the British Property Federation, was confirmed for the role today by Mayor of London Sadiq Khan. 

Her appointment will have to be signed off by the London Assembly. 

The £26bn redevelopment of west London’s Old Oak area will include a new High Speed 2 and Crossrail station, due to be built by 2026.

The area’s regeneration could potentially deliver around 25,000 new homes and 55,000 jobs, the Mayor’s office said. 

Mr Khan has created the role of chair at the OPDC to help oversee the area’s development.

Last year he launched a review of OPDC as he believed his predecessor Boris Johnson had “rushed into [a] deal without doing the due diligence checks”.

Among Ms Peace’s priorities will be implementing the review’s recommendations, the Mayor’s office said. 

Mr Khan said: “Old Oak and Park Royal is one of the most important regeneration projects in London and is set to be the largest new development in the capital since the London 2012 Olympics and Paralympic Games. 

“I am looking forward to working with Liz Peace so that we can secure the best possible scheme for all Londoners.

“That means delivering the highest level of genuinely affordable homes possible and correcting the mistakes made by Boris Johnson to ensure that we only enter into a land agreement with the government that is in the best interests of the city.”

Ms Peace was a civil servant in the Ministry of Defence for 27 years before becoming company secretary and director of corporate affairs at QinetiQ Group.

Since leaving the BPF in 2014, she has had a portfolio career, and currently has non-exec roles with firms including Morgan Sindall and Redrow.

Ms Peace said today: “The project is not without its challenges - but large-scale regeneration is never easy.

”The prize however will be a series of high quality places in which Londoners will be able to live and work - and all within reach of world class new transport infrastructure.”

OPDC chief executive Victoria Hills told CN last year that the station at Old Oak would be the largest sub-surface station to be built in the UK, 90 per cent the size of London Waterloo.

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