The Malaysian businessman completed his takeover at Loftus Road less than a year ago and has been quick to try and bring both the playing squad and facilities up to Premier League standard.
The Rs have already announced plans to move to a state-of-the-art training ground next summer and have now turned their attention to finding a plot for a new stadium.
"We're working this week [on the stadium]," Fernandes told Press Association Sport. "I am getting a full report on one of the pieces of ground. I think we have three potential choices and we are going to evaluate it and then take it to the shareholders.
"It has actually not even been a year that we have owned this club and I am very pleased with the kind of progress we have made in one year. If we can continue at this kind of pace, then things should look good at QPR."
As well as new facilities, things are looking promising for the Hoops on the field as they look to push on from last season. Ryan Nelsen, Andrew Johnson, Robert Green, Samba Diakite and Fabio da Silva have already joined the west Londoners this summer and more additions are likely before the end of the window.