Capital & Counties Properties (Capco) says its subsidiary, EC Properties, will on Wednesday submit planning applications for the Earls Court & West Kensington Opportunity Area.

The planning applications include outline applications for the 77 acre Sir Terry Farrell masterplan, plus a detailed application for the 7.5 acre Seagrave Road car park site.

The scheme will represent a multibillion-pound investment in London, and the project has a total estimated value of £8 billion.

Capco says more than 7,500 new homes and 12,000 new jobs will be created by the Masterplan, which, together with Seagrave Road, involves 11.4 million square feet of development.

In addition to the new homes, the masterplan includes offices, leisure, hotel and retail space, as well as a new primary school, library, an integrated health centre and 23.5 acres of public open space including the five acre "Lost River Park".

The application for the Seagrave Road site replaces the existing 7.5 acre car park with a scheme comprising 808 new homes ranging from townhouses to apartments, and centred around a 90 metre long garden square.

At present the Opportunity Area, which is identified in the mayor's London plan, principally includes the Earls Court Exhibition Centres, owned by EC Properties; railway lands, largely owned by Transport for London; and the West Kensington and Gibbs Green housing estates, owned by the London Borough of Hammersmith & Fulham. The masterplan has been developed by EC Properties on behalf of the three landowners.

Source: I-Net Bridge

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