Further progress is being made in the £8billion redevelopment of Earls Court amid news that the Secretary of State has decided not to call in the outline planning application.
The application by EC Properties, a wholly-owned subsidiary of Capital & Counties PLC, is based on Sir Terry Farrell’s masterplan, allowing for 5,845 new homes in Hammersmith & Fulham, new shops, offices, leisure facilities, public open space, a new school, new transport links, healthcare centre and community centre.
The consent also includes £490million of community benefits from a Section 106 agreement. The final details of the agreement are expected to be finalised in September.
The decision by the Secretary of State follows on from the Mayor of London’s approval for outline planning consent in July.
The redevelopment of Earls Court will also provide new homes for people living on West Kensington and Gibbs Green estates, which is part of the 77-acre site, with the first residents expected to move into new homes by 2018. Overall 7,583 homes are planned, although this is subject to consent of a number of detailed planning applications.
Eligible tenants and home owners living on the estates will only have to move when their new home is ready to be occupied, while being offered compensation and other support during the moving process.
Cllr Nicholas Botterill, Leader of Hammersmith & Fulham Council, said:
“This is fantastic news, ushering in a new generation of opportunity and prosperity for West London. The main beneficiaries will be people living on the estates who will receive new homes, major neighbourhood improvements and the ability to access thousands of new job opportunities.”
Gary Yardley, Investment Director at Capital & Counties Properties PLC, the parent company of EC Properties LP, said:
“This is a significant milestone in the delivery of our vision for Earls Court. The Masterplan will create a remarkable new district for London, with vitally needed new homes and jobs. Over the coming months, we will look forward to continuing the excellent progress we are making in implementing this ambitious and bold scheme.”