Consent for King's Court & Carriage Hall Proposals

RNS Number : 2178V

Capital & Counties Properties Plc

11 December 2013

 



Capital & Counties Properties PLC

KING'S COURT AND CARRIAGE HALL PROPOSALS RECEIVE CONSENT

Capital & Counties Properties PLC (Capco) received a resolution to grant planning consent from Westminster City Council last night for its proposals to transform the space between King Street and Floral Street within the Covent Garden estate.  The 90,000 square feet scheme (including 20,000 square feet of new space) will create a new pedestrian passageway connecting Long Acre and King Street, a new public courtyard and new retail, restaurant and residential space.

The new public courtyard will be surrounded by eight new retail units and two new restaurants with al fresco dining. New retail frontages on Floral Street including a new anchor store will animate and draw visitors down the western part of the street and forty-five premium apartments, of which thirty-one are new build, will be created overlooking the new courtyard.

In addition, a separate planning application in relation to the Carriage Hall building also received a resolution to grant consent.  The Grade II listed Carriage Hall building on the western end of Floral Street will be converted into a new 13,000 square feet multi-brand retail space with a covered courtyard.

Ian Hawksworth, Chief Executive of Capco, said, "These plans will have a significant impact on how visitors experience Covent Garden and highlight Capco's commitment to creating value and improving public access within our estate.  The new passageway will connect King Street directly to Long Acre for the first time and bring a critical mass of new retail, dining and residential to Floral Street."

Work on the project is likely to commence in June 2014 and will take up to three years to complete.

For media enquiries contact:

Capital & Counties Properties PLC
Ian Hawksworth, Chief Executive	Tel:          + 44 (0) 20 3214 9188
Soumen Das, Finance Director

For financial media enquires please contact:

Hudson Sandler (UK)      Michael Sandler /Wendy Baker/Katie Matthews	Tel:          [phone]
College Hill (South Africa)           Frederic Cornet	Tel:          [phone] Mobile:  [phone]

Notes to editors:

The plans for King's Court and Carriage Hall were created by Kohn Pederson Fox Architects.

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 holds 2.7 million square feet of assets valued at £2.1 billion (as at 30 June 2013) in two landmark London estates: Covent Garden, which has assets valued at £1.1 billion including the historic Market Building, and EC Properties including the Empress State Building together with the Venues business amounting to aggregate property assets of £970 million. The company is listed on the London Stock Exchange and the JSE, Johannesburg.

"Capco" represents Capital & Counties Properties PLC and all its subsidiary companies and group undertakings.

www.capitalandcounties.com

About Covent Garden:

Covent Garden is one of the most distinct and vibrant estates in London; unequalled in its mix of shops, restaurants, architecture, entertainment and culture.  The neighbourhood's new take on luxury mixes premium retailers with one-off craft stalls, street theatre with the Royal Opera House and world-class brands with emerging designers creating a vibrant retail and leisure district. Part of Capital & Counties Properties PLC (Capco), a FTSE 250 property company, Covent Garden owns assets valued at £1.1 billion across circa 900,000 sq ft of space including 63 buildings and circa 375 lettable units (as at 30 June 2013), including the historic Covent Garden Market Building.

www.coventgardenlondonuk.com

 

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