RBKC Council Adopts New Earls Court SPD

RNS Number : 9251Z

Capital & Counties Properties Plc

23 March 2012

 



23 March 2012

The Royal Borough of Kensington & Chelsea COUNCIL ADOPTS NEW EARLS COURT PLANNING POLICY

Capital & Counties Properties PLC ("Capco") welcomes the decision by the Royal Borough of Kensington & Chelsea to adopt a new policy document, known as the Supplementary Planning Document ("SPD"), covering the Earls Court & West Kensington Opportunity Area ("ECOA").

The announcement follows the adoption of the SPD by the London Borough of Hammersmith & Fulham earlier this week. The SPD supports the planning policy basis for the consideration of the planning application for Sir Terry Farrell's Earls Court Masterplan, which proposes a 7,500 home development across the ECOA. The site has already been identified as an Opportunity Area by the Mayor of London in the London Plan, meaning it is considered as a site potentially suitable for comprehensive development.

-ENDS-

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

For financial media enquires please contact:

Hudson Sandler (UK)      Michael Sandler/Wendy Baker	Tel:        [phone]
College Hill (South Africa)           Nicholas Williams	Tel:        [phone]

For general media enquiries please contact:

Chris Rumfitt, Edelman                                                  Tel:        [phone]

About Capital & Counties Properties PLC (Capco):

CAPITAL & COUNTIES PROPERTIES PLC is one of the largest companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. CAPITAL & COUNTIES PROPERTIES PLC holds 3.3 million square feet of assets valued at £1.6 billion (as at 31 December 2011) in three landmark London estates: Covent Garden, which has assets valued at £808 million, including the historic Market Building; Earls Court & Olympia Group and 50% of the Empress State building in Earls Court amounting to aggregate property assets of £574 million; and the Great Capital Partnership, a joint venture with Great Portland Estates, which holds prime West End properties of which Capco's share is £241 million. The company is listed on the London Stock Exchange and the JSE, Johannesburg.

 

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