Having purchased the former Oaks shopping centre in Acton, via aforward funding agreement in excess of £70m, L&Q will plan and develop the site into 178 apartments and 42,000 sq ft of prime retail space.

The residential element of the scheme comprises 62 one-bed, 69 two-bed, 46 three-bed and one four-bed apartments – approximately 22% of which will be shared ownership. The Oaks aims to create a new community, with apartments spread across 10 blocks wrapping round a tranquil central circulation, amenity and play space.

Craig Luttman, Development Director at L&Q, said: “L&Q have ambitious plans to develop and create one of the largest selections of purpose built rental properties in the UK and The Oaks will greatly assist us in delivering our PRS targets in such a good quality location. As a housing association we are not afraid to get creative to deliver the housing that London needs.”

The entire development benefits from Acton Main Line station being on the Elizabeth Line – providing fast connections to central London. With planning permission already granted, work is currently under way with completion due in 2018.