Green Light for New Homes in London
Hammersmith and Fulham Council has given the green light to a new residential development in West London which will build more than 800 homes and create hundreds of new jobs in the building construction industry.
The Council’s decision to grant a planning permission allows property developer, Capital & Counties Properties (Capco), to fulfil its application of replacing a car park site in Earls Court with high quality new homes. The company signed an agreement with one of the largest Hong Kong developers, the Kwok family, to develop the area in a collaborative partnership.
200 homes from the redevelopment will be allocated as part of the affordable housing scheme announced by the government in November last year; They will be offered to tenants living nearby who might be affected from the regeneration of the area.
Chief Executive at Capco, Ian Hawksworth, welcomed the decision of Hammersmith and Fulham Council saying that this vital investment for the area, it will help economic growth and create new jobs.
Mr Hawksworth said: “The site is an exciting opportunity to begin the transformation of the area, creating hundreds of new homes and jobs. We look forward to pursuing our plans for the project within the joint venture with the Kwok family interests.
“We are delighted by the council’s decision on Seagrave Road. It confirms our long term view of the value which can be unlocked from Capco’s holdings in the area through a residential-led scheme.” – added Mr Hawksworth.
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Posted on February 17, 2012, in construction jobs, construction news, Green Deal, Housing Scheme, Infrastructure, t4ts, train4tradeskills and tagged Affordable housing, Capco, Capital & Counties Properties, development, Earls Court, Economic growth, Hammersmith, Hong Kong, Investment, London, London Borough of Hammersmith and Fulham, new jobs, Planning permission, t4ts, train 4 trade skills news, train4tradeskills, www.train4tradeskills-radio.co.uk, www.train4tradeskills.com. Bookmark the permalink. Leave a comment.