Mayor gives consent for £8bn Earls Court investment
Mayor of London Boris Johnson has given the green light to new plans for the redevelopment of Earls Court, with a budget totalling £8 billion assigned for the scheme.
Covering 77 acres and stretching across two London boroughs, the scope of the scheme is immense and will see the delivery of up to 7,500 new homes in the heart of the capital, as well as providing a considerable boost to the UK construction sector, delivering upwards of 9,500 permanent jobs and up to 36,000 positions during the building phase.
With proposals for four new residential districts in West London, the initiative also features new office space, leisure facilities, a five-acre public park, new primary schools, libraries and an integrated health centre, among other additions.
Mr Johnson commented: "Having weighed up all of the considerations I'm of the firm view that this is a project that will deliver huge benefits to the area and beyond for years to come."
He added the development will provide a "massive boost" not just to this area of London, but to the capital and national economy as a whole.
Architect Sir Terry Farrell is the mastermind behind the new designs for Earls Court, with improved transport links in the boroughs of Earls Court and West Kensington at the centre of the plans.
Following approval from the mayor, developer EC Properties is to get underway on its preliminary work as part of its responsibilities for relocating existing tenants in the area, with residents in a number of estates covered under the plans - most notably those living in the West Kensington and Gibbs Green estates - to be contacted this week regarding the process of their moving to new homes as part of the project.
Up to one-quarter of the replacement properties that will be built as part of the scheme are scheduled to be ready for occupation by 2016 to 2018, with the remainder of the development to be completed within the next decade in a phased programme of improvements.
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