Business
Earls Court Planning Applications Submitted
Earls Court Planning Applications Submitted.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \nRNS Number : 8672I Capital & Counties Properties Plc 22 June 2011 \n \n\nImmediate release - 07:00, Wednesday 22 June 2011\n \nEARLS COURT PLANNING APPLICATIONS SUBMITTED \nMULTI-BILLION POUND DEVELOPMENT TO CREATE THOUSANDS OF NEW HOMES AND JOBS\n \nEC Properties Ltd (\"EC Properties\"), a wholly-owned subsidiary of Capital & Counties Properties PLC (\"Capco\"), is pleased to announce that it will today 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. \nThe scheme will represent a multi-billion pound investment in London, and the project has a total estimated value of £8 billion. 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 (see notes to editors for details). 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 5 acre 'Lost River Park'.\nThe 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.\nAt 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 (\"TfL\"); and the West Kensington and Gibbs Green housing estates, owned by the London Borough of Hammersmith & Fulham (\"LBHF\"). The Masterplan has been developed by EC Properties on behalf of the three landowners.\nOnce verified, the applications will be considered by the LBHF (for both the Masterplan and the Seagrave Road plans) and the Royal Borough of Kensington & Chelsea (RBKC) (for the Masterplan only). \n \nUpdate on commercial agreements on land assembly\nGood progress is being made on a land agreement between LBHF and EC Properties which, if approved by the relevant parties, could pave the way for residents on the council-owned es...