The Government has consented to the land transfer of the West Kensington and Gibbs Green estates, which will allow them to be included in the regeneration of Earls Court.
The consent outlined in a letter from the Department for Communities & Local Government to Hammersmith & Fulham Council allows the sale of the of estates to Capital & Counties Properties (Capco). The deal is already agreed under the terms of a Conditional Land Sale Agreement.
Under the terms of the CLSA, all qualifying residents of the estates will be offered a new home within the development which the council hopes will provide 7,500 new homes and 12,000 new jobs across a 77 acre development site.
The £8 billion scheme, based on a Masterplan by Sir Terry Farrell, is one of the biggest regeneration projects in London for decades and could provide a significant boost to the local and national economy.
The decision to include the estates has not been without opponents, with a 1,000 signature petition recently handed in to CLG.
Hammersmith & Fulham Council Leader Nicholas Botterill and Capco Investment Director Gary Yardley said in a joint statement: “This milestone is an important step forward in the regeneration of Earls Court. The plans will transform the area, creating a remarkable new place.
“We recognise that the decision to include the housing estates in the regeneration has aroused strong feelings. But we have always believed it will make lives better for estates residents, all of whom will be re-housed in the area if they wish to remain.”
Following the approval of the CLSA, the Council and Capco will identify the phasing of the development. They expect to be in position to consult with residents on initial detailed phasing proposals soon.