Stock Market News
Capco's Earls Court project passes milestone
13-09-2012 07:53
| Add To Google +1 | Tweet |
The London Borough of Hammersmith & Fulham (LBHF) has passed a resolution to grant outline planning permission for the redevelopment of parts of Earls Court in west London.
The so-called Earls Court Masterplan will comprise 10.1m square feet of development, including homes (around 1,500 of which will be affordable housing units), offices, hotels, work space, education, cultural and community facilities, as well as a new five acre park for London.
The news was welcomed by property company Capital & Counties (Capco), which holds a stake in the development, along with Transport for London and the LBHF.
"We are pleased by the council's decision to pass the resolution to grant outline planning consent for the Earls Court Masterplan. The proposed scheme will offer a multi-billion pound investment in both London and the local community creating thousands of new homes and jobs," said Ian Hawksworth, Chief Executive of Capco.
It is not quite all systems go for the project, yet, however, as the development sprawls across two boroughs, and the Royal Borough of Kensington & Chelsea (RBKC) has yet to make a decision on the outline planning application. RBKC is expected to make its pronouncement in the coming months.
Capco already has planning consent for the 7.5 acre Seagrave Road site in the LBHF, where the plan is to build 808 homes around a public garden square on the site of what is currently a car park.
These homes will constitute the major residential component of West Brompton Village. Capco has a conditional agreement with the Kwok Family Interests to form a 50/50 joint venture to develop the scheme.
JH
The so-called Earls Court Masterplan will comprise 10.1m square feet of development, including homes (around 1,500 of which will be affordable housing units), offices, hotels, work space, education, cultural and community facilities, as well as a new five acre park for London.
The news was welcomed by property company Capital & Counties (Capco), which holds a stake in the development, along with Transport for London and the LBHF.
"We are pleased by the council's decision to pass the resolution to grant outline planning consent for the Earls Court Masterplan. The proposed scheme will offer a multi-billion pound investment in both London and the local community creating thousands of new homes and jobs," said Ian Hawksworth, Chief Executive of Capco.
It is not quite all systems go for the project, yet, however, as the development sprawls across two boroughs, and the Royal Borough of Kensington & Chelsea (RBKC) has yet to make a decision on the outline planning application. RBKC is expected to make its pronouncement in the coming months.
Capco already has planning consent for the 7.5 acre Seagrave Road site in the LBHF, where the plan is to build 808 homes around a public garden square on the site of what is currently a car park.
These homes will constitute the major residential component of West Brompton Village. Capco has a conditional agreement with the Kwok Family Interests to form a 50/50 joint venture to develop the scheme.
JH
| Related share prices |
|---|
| Capital & Counties Properties (CAPC) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

