Sign in or Register
 
 
Exhibition News Race Day
Register today to receive each issue absolutely FREE!




The launch of London Technology Week drew together a cast of...

Should you open your doors to all and sundry or handpick the brands...

When it comes to insurance, it’s easy to be wise after the event....

Exhibition News July 2014
July 2014

Earls Court owner completes joint venture for £300m Seagrave Road development
posted on: 31/8/2012 09:12:05
earls court masterplan housing

Earls Court owner Capital and Counties (CapCo) is on track to commence stage one of the site’s redevelopment next year after completing a joint venture with the Kwok Family Interests.
 
The property developer has secured a cash injection of £67m from the Hong Kong-based real estate company for its 50 per cent share in the 7.5-acre Seagrave Road redevelopment, which is expected to cost £300m to build (excluding land). CapCo said the peak capital required would be limited to about £100m through a phased implementation of the project.
 
CapCo and the Kwok family signed a conditional agreement in December last year to convert the Seagrave Road car park site into 808 new homes and a garden square.
 
Seagrave Road represents the first component of a two-stage plan to transform the Earls Court Opportunity Area, a 77-acre site encompassing the Earls Court Exhibition Centres, along with the West Kensington and Gibbs Green residential estates.
 
CapCo secured the first step in Earls Court’s redevelopment after gaining approval for its Seagrave Road plans from the council in March.
 
The larger and more ambitious second-stage masterplan will go before a special planning applications committee set-up by Hammersmith and Fulham Council on 12 September, where they are expected to be approved. The plans then need to be signed off by the  Royal Borough of Kensington and Chelsea at another planning meeting in late October.
 
“We are pleased to have completed our joint venture agreement in relation to the Seagrave Road project and look forward to starting onsite in 2013 to create this exciting new residential quarter for London,” CapCo chief executive Ian Hawksworth said.
 
Work on Seagrave Road is due to commence in 2013, but a detailed timeline have not yet been confirmed.
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
Genting still in line for NEC bid?
posted on: 31/7/2014 17:29:06
Genting, the company behind the casino development at The NEC, has refused to rule itself out of the bidding for the NEC Group.

The London Boat Show has harnessed young talent from Central Saint Martins, part of University of the Arts London (UAL) to add a modern design edge to next year’s event.

UBM secures Seatrade purchase
posted on: 31/7/2014 14:38:30
UBM has expanded its global portfolio of events serving the cruise and general maritime industries with the acquisition of organiser Seatrade Communications.

AEO announces DB Schenker partnership
posted on: 31/7/2014 12:48:50
The Association of Event Organisers (AEO) has signed an exclusive 12-month agreement with leading events logistics company DB Schenker to become its official logistics partner.

I2i partners with social media firm InGo
posted on: 31/7/2014 11:36:32
I2i has announced a link-up with social networking tool InGo to support seven of its 2014 shows including Autumn Fair and Pure London.