Capco welcomes planning approval for Exhibition Square in Earls Court
The Royal Borough of Kensington and Chelsea has granted detailed planning consent for the new Exhibition Square, part of Sir Terry Farrell’s consented Masterplan for Earls Court. The Exhibition Square plans will create an important gateway to the Earls Court scheme and its new high street, including a public square and gardens, a signature hotel, offices and an entrance to Earls Court Underground station.
Exhibition Square is the latest part of the consented Earls Court Masterplan to receive detailed consent. The detailed designs were brought forward for consultation by Earls Court Partnership Limited, the joint venture between Capco and Transport for London, in summer 2016. Outline consent for the Earls Court Masterplan was granted in 2013.
The Exhibition Square plans (139,000 sq ft) include two buildings designed by architect KPF creating 69,000 sq ft of hotel and 62,000 sq ft of office space. Exhibition Square offers 3000m² of open public realm at the start of a new High Street that will connect North End Road in the west to Warwick Road in the east. The adjacent Exhibition Square Gardens create 1300m² of green space and generous public frontage off Warwick Road. A new Underground station entrance will also be provided, connecting the development directly with Earls Court Underground Station.
Mike Hood, Group Development Director, Earls Court commented:
“Earls Court is the most important regeneration site in London and the last two years have seen significant investment and remarkable progress. Our detailed plans for Exhibition Square would provide an important gateway to the scheme and mean that the entirety of Earls Court Village, the first of four new urban villages at Earls Court, has received full detailed consent.”
Capco is currently holding a second round of consultation on proposals for a 400-home development at Empress Place. Details can be found on the website www.myearlscourt.com
Sarah Hagan Group Director of Communications & Marketing +44 (0)20 3214 9185
About Capital & Counties Properties PLC (Capco):
Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates are valued at £3.6 billion1 (as at 30 June 2016): Covent Garden, which has assets valued at £2.1 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of £1.2 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.
1. Group share
About Earls Court:
The Earls Court Masterplan was consented in 2013 and covers 77 acres of land in West London. The Masterplan will create 10.1 million square feet of space and was designed by Sir Terry Farrell who was inspired by the best of London to create 'Four new Urban Villages and a 21st Century High Street’. The Masterplan will deliver 7,500 new homes, 10,000 new jobs, a new high street as well as new open green space, health facilities, new schools, community and cultural space and improvements to the transport and infrastructure of the local area. Part of the Earls Court Masterplan is being delivered by Earls Court Partnership Limited (ECPL), an innovative joint venture with Transport for London. ECPL is owned 63% by Capco and 37% by TfL.