Capital & Counties will submit today an outline application for the 77 acre Sir Terry Farrell Masterplan, plus a detailed application for the 7.5 acre Seagrave Road car park site.
The scheme 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 (pictured right) which together with Seagrave Road involves 11.4 million square feet of development. 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’.
The application for the Seagrave Road site (pictured, top) 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.
At 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.
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).
CapCo also say good 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 estates to be included in the development and receive new modern homes in the same area as they are already living.
Stephen Greehalgh, the Leader of LBHF Council has stated today that he is convinced that a comprehensive approach to the Opportunity Area, including all of the three main landholdings, represents the best way forward. Secure tenants, leaseholders and freeholders on the estates have negotiated a set of legally-binding guarantees for new homes with the Council should planning permission for redevelopment be granted, which would be reflected in any agreement between EC Properties and LBHF.
Discussions between EC Properties and Transport for London to agree a renewed lease for Earls Court, and for a commercial agreement over the inclusion of their respective landholding in the development, are also progressing well. Further announcements will be made as appropriate.
Sir Terry Farrell, Founder of Terry Farrell & Partners, said: “We have developed a Masterplan that draws inspiration from the surrounding communities to create ‘Four Villages and a 21st Century High Street’ which will bring new homes, health & education facilities, as well as remarkable new open space to London.”
Anthony Bickmore, Head of Corporate Finance Property Development, Transport for London, said: “The plans for Earls Court represent a fantastic opportunity for Transport for London, both to play its part in the revitalisation of a part of London, and also to utilise its landholding to generate investment in the transport network. Getting to this stage has involved working closely with Capco and Hammersmith & Fulham Council and we will continue to do so.”
Cllr Stephen Greenhalgh, Leader of London Borough of Hammersmith & Fulham, added: “The submission of the planning application for Sir Terry Farrell’s Earls Court Masterplan is an important milestone. We have said all along that we will only include our land if there are proven benefits for people living on the estates first and foremost, then the wider area and then the Borough as a whole.
“I am of the view that a comprehensive development of the whole Opportunity Area is the best way to serve the interests of both estates residents and the Borough. We will continue to work closely with residents on the estates and we look forward to considering the planning applications before us.”
Gary Yardley, Director of EC Properties, said: “Our proposals for Earls Court represent a multi-billion pound investment in London. It will deliver thousands of much-needed new homes and jobs, and create a remarkable new place. Our planning application follows two years of consultation and we are proud to submit a Masterplan which has been shaped by the community. It draws its inspiration from London, and specifically from the neighbouring areas of Kensington and Fulham.”