Boris Johnson has confirmed he is happy for the Council to approve the outline planning application from EC Properties, a wholly owned subsidiary of Capco.
The redevelopment of Earls Court and the surrounding area is based on a masterplan by Sir Terry Farrell. Hammersmith & Fulham Council hope it will create up to 9,500 new permanent jobs, with an additional 36,000 construction jobs during the build phase. It will also include 7,583 new homes, new shops, offices, leisure facilities, public open space, a new school, new transport links, healthcare centre and community centre on the 77 acre site.
The Mayor of London, Boris Johnson, said: “I’m in no doubt that the development proposed for Earls Court and West Kensington will provide a massive boost not just to this part of the capital, but to London’s wider economy as well. It is a landmark project that will deliver much needed jobs, new homes and improved infrastructure and will make this strategically important part of the capital an even better to place to live, work and visit.”
H&F Council Leader, Cllr Nicholas Botterill said: “Earls Court has the potential to be as important for West London as the Olympics were for east London.”
As part of the scheme, the Council has entered into a Conditional Land Sale Agreement (CLSA) with EC Properties to include the West Kensington and Gibbs Green estates in the wider development of the area.
This week residents living on the estates will be informed by EC Properties LP and Hammersmith & Fulham Council when they are likely to move into new housing provided by the development. The new phasing plan halves the target construction period from 20 years to an estimated ten. Just under a quarter (151) of the 760 replacement homes could be ready to be occupied between 2016 and 2018 in the first phase of construction.
Gary Yardley, Investment Director at Capco, said: “This remarkable project will bring major investment, jobs and high-quality homes to West London.”
The inclusion of the estates has caused some local objection, and given rise to a number of Judicial Review requests. The Mayor, Boris Johnson commented: ““I am acutely aware of the concerns that some residents affected by the project have but I’m reassured by the measures being taken by both councils and the developer to make sure the needs of local people are properly addressed. Having weighed up all of the considerations I’m of the firm view that this is a project that will deliver huge benefits to the area and beyond for years to come.”
Hammersmith & Fulham Council resolved to grant outline planning consent for the scheme in September 2012. The Royal Borough of Kensington and Chelsea granted outline planning permission for their element of the scheme in November 2012.
The application will now be referred back to the Secretary of State for Communities and Local Government for him to consider whether or not call in the planning application.