Capco aims to generate value from Earls Court and Olympia through:
- maintaining a robust exhibition business and migrating shows to an improved Olympia
- securing planning consent for Sir Terry Farrell’s Masterplan
- finalising land assembly and development rights
- establishing the development framework and strategy to take Earls Court forward post-planning
- realising the Seagrave Road scheme (re-named Lillie Square) with our joint venture partners
The Earls Court Masterplan
The Earls Court Masterplan represents a unique opportunity to regenerate a substantial part of west London, creating thousands of new homes and jobs. Bordered by some of the capital’s most prime real estate neighbourhoods, the redevelopment offers the potential for significant value creation by implementing Sir Terry Farrell’s vision to create Four New Urban Villages and a 21st Century High Street’ across the Earls Court & West Kensington Opportunity Area (ECOA).
In 2012, the Royal Borough of Kensington & Chelsea (RBKC) and the London Borough of Hammersmith & Fulham (LBHF) resolved to grant planning consent for the Earls Court Masterplan. In January 2013, Capco also signed a Conditional Land Sale Agreement with LBHF, entitling it to acquire the Council’s 22 acres of land within the ECOA.
The proposed residential scheme on Seagrave Road to create 808 new homes around a public garden square received formal planning consent from LBHF in March 2012. In August 2012, Capco’s 50:50 joint venture with the Kwok Family Interests was completed and the scheme is set to launch in 2013. The scheme will now be known as Lillie Square.
Capco has a 50 per cent stake in this landmark office which is adjacent to the ECOA. The 31 storey tower is the highest building in LBHF. Fully renovated in 2003, the entire building is let to the Metropolitan Police Authority on a long lease which expires in June 2019.
Exhibitions Business is Capco’s world-class conference, exhibitions and events business now comprising Olympia and the two exhibition halls at Earls Court. This represents 1.27 million square feet of prime conference and events space.
Olympia West was redeveloped in 2011 providing 97,000 square feet of modern, flexible space and Olympia Central (previously Olympia Two) has been refurbished.