Capital & Counties Properties PLC (“Capco”) welcomes the decision last night from the planning committee of the Royal Borough of Kensington and Chelsea (“RBKC”) to approve Capco’s planning application for West Brompton Village.
The West Brompton Village proposals deliver a new public square of 0.4 acres, a new residential apartment building, new townhouses, and three retail units.
These proposals, which now have detailed consent, are an important step towards delivering the Earls Court masterplan. The overall masterplan contains over 30 acres of publicly accessible open space and the new public square will be one of the most important new squares in the development, a gateway both to the Lost River Park and the 7,500 new homes, shops, offices and leisure facilities in the masterplan.
Gary Yardley, Managing Director, Earls Court and Chief Investment Officer of Capco commented:
“We are delighted that our proposals to create one of the most attractive and exciting new public squares for London have been approved by the Royal Borough of Kensington and Chelsea. Our plans for Earls Court will deliver a vibrant new part of London, which create a new network of parks and open spaces, and also deliver over 7,500 new homes, 10,000 new jobs and an investment of over £450 million in local community benefits.”
Will Roberts, Corporate Reputation Consulting Tel: +44 (0) 7739 009 575
Capital & Counties Properties PLC
Sarah Hagan, Group Director of Communications & Marketing Tel: +44 (0) 20 3214 9185
NOTES TO EDITORS:
– The site extends to 1.2 acres (0.49 hectares) and represents an important step in delivering the Terry Farrell masterplan for Earls Court.
– The forecourt to the south of the Earls Court exhibition centre (leading onto Old Brompton Road) and adjacent properties along Old Brompton Road and Lillie Road currently occupy the site.
– The outline planning consents for the Earls Court masterplan was approved by the Royal Borough of Kensington and Chelsea and the London Borough of Hammersmith and Fulham in November 2013. The planning application for West Brompton Village overlaps with a portion of the outline planning consent and also includes some additional properties outside of the boundaries of the outline applications.
– The detailed planning application for Earls Court Village, which this application compliments, was achieved in April 2014, along with consent for conversion of the Empress State Building from commercial to residential.
About the Earls Court Masterplan
The Earls Court Masterplan is the largest development opportunity in central London, covering over 70 acres of prime land and located across Chelsea and Fulham. The predominantly residential scheme is consented to provide over 7,500 new homes (including Lillie Square), creating 10,000 new jobs, and will deliver over £450 million of community benefits.
The site is well connected, offering strong public transport accessibility in an established location with history and heritage, where people want to live and enjoy London. The Earls Court Masterplan represents an opportunity to create a new estate underpinned by Capco’s distinct approach to creating places.
About Capital & Counties Properties PLC (Capco)
Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco’s landmark London estates are valued at £3.0 billion (as at 31 December 2014): Covent Garden, which has assets valued at £1.6 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of £1.4 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.