LB Hammersmith & Fulham’s cabinet have agreed that the Conditional Land Sale Agreement to include two council estates in the Earls Court development can go to a future cabinet meeting for approval.
The cabinet decided the proposed Conditional Land Sale Agreement (CLSA) agreement to include West Kensington and Gibbs Green estates in wider plans for the area “is suitable for recommendation to council subject to no major issues arising”.
The agreement will go to a future Cabinet meeting for final approval, subject to no major issues emerging in remaining negotiations between the council and developer Capital & Counties. If the CLSA is agreed all 760 homes on the two estates would be rebuilt in the redevelopment area. Councillors said that the ‘majority’ of concerns raised by residents on the estates in a consultation could be resolved.
If the CLSA is agreed the council would eventually receive approximately £105million, an estimated £64 million of which, after compensation and costs, would be available to be reinvested back in the borough, says the council. The council would also receive 760 replacement homes for people currently living on the estates.
If redevelopment happens it would be based around the vision of Sir Terry Farrell’s masterplan which aims to create 9,500 new permanent jobs and 36,000 temporary construction jobs.
The masterplan is built on a vision of creating four separate ‘villages’ linked by a new High Street and park. Overall this would include 7,583 new homes, of which 1,500 would be affordable. It would also include new shops, offices, leisure facilities, a new school, new transport links and a healthcare centre.
A detailed planning application to 808 build homes at Seagrave Road has been approved by H&F Council. If the CLSA is agreed approximately 200 of these homes would be used in a first phasing plan.
Cllr Stephen Greenhalgh, H&F Council Leader, said: “Our part of west London is a vital engine of the London economy and the London economy drives UK growth. Growth is the engine of economic opportunity and this country needs economic growth.
“We have long said that we are interested in seeing if our residents could benefit from this strategic redevelopment opportunity.”
See previous coverage.