Capital & Counties Properties (CCO, Capco) has published its 77-acre Earls Court site plan for consultation.

The UK- and JSE-listed group said on Wednesday that the masterplan aimed to create a site with "four villages and a high street", with up to 7,500 new homes, 12,000 permanent new jobs, and a new five-acre "lost river" park.

The masterplan was the product of a full year's interaction with the public, during which time hundreds of stakeholders and local people were asked to have their say on the future of the area, Capco said. The plan was developed by Terry Farrell & Partners.

Capco focuses mainly on property development and investment. The masterplan was developed on behalf of the three landowners - EC&O Properties, Transport for London and London Borough of Hammersmith & Fulham.

Terry Farrell, founder of Terry Farrell & Partners, said: "In developing the masterplan for Earls Court, our inspiration is London. We have looked at the best of London and the architectural fabric of nearby Kensington and Fulham in particular, and used that to guide our designs. The 'four villages and a 21st century high street' create a wholly new and remarkable place for London, but one that knits seamlessly into the existing urban grain."

Stephen Greenhalgh, leader of the London Borough of Hammersmith & Fulham, said: "This proposal is a once-in-a-lifetime opportunity for us to build new homes for estate residents and offer affordable properties to the thousands of people struggling to buy a home without leaving the borough."

Gary Yardley, on behalf of EC&O Properties, said: "We are very proud of the masterplan we are unveiling today. It envisages thousands of much-needed new homes and jobs, and acres of new green space for the local community to enjoy.

Anthony Bickmore, head of corporate finance property development at Transport for London, said the Earls Court site was a unique location in the heart of London. It had outstanding transport links and was the perfect site to establish a thriving new community in London, Bickmore said.

Source: I-Net Bridge

Publisher: I-Net Bridge
Source: I-Net Bridge