"The 10 billion redevelopment of the former Earls Court Exhibition Centre site came a crucial step closer last night when Kensington & Chelsea council approved the scheme. The decision follows the green light from the planning committee at neighbouring Hammersmith & Fulham council on 26 November. The project is being led by the Earls Court Development Company (ECDC), founded by property company Delancey and Dutch pension fund manager, APG. They are working in a joint venture with Places for London, Transport for London's property company."
"Rob Heasman, chief executive of ECDC, said:Our plans will restore Earls Court as a global destination, a place for ingenuity, for the extraordinary, and for people to wonder. Projects of this scale require ambition, partnership and patience to bring forward, and our ambition has been shaped by four years of engagement, listening and working in collaboration with our community. I want to thank all our stakeholders for their support throughout this process, and to recognise the exceptional work of our world-class team. Our focus will now turn firmly to delivery, working collectively with the public sector to secure the range of homes, jobs and public benefits which this site can deliver for London and the UK. Earls Court will be the next chapter in London's evolving story."
Councils in Kensington & Chelsea and Hammersmith & Fulham approved the £10 billion redevelopment of the former Earls Court Exhibition Centre, led by Earls Court Development Company (Delancey and APG) in joint venture with Places for London. The masterplan will deliver 4,000 homes, 2.5 million sq ft of workspace, three cultural venues and 20 acres of public realm with over 1,000 trees, aiming for a zero‑carbon energy network and zero operational carbon from day one. Phase one will deliver roughly 1,300 homes across six buildings including a 42‑storey tower. The scheme targets completion by 2041 and is expected to create around 23,500 jobs while prioritising public benefits and delivery partnerships.
Read at www.standard.co.uk
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