| Wed 26 May 2010, 8:38 | | CCO - Capital & Counties Properties Plc - Appointment of Masterplanner for the |
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CCO
CCO - Capital & Counties Properties Plc - Appointment of Masterplanner for the
Earls Court development plans to be developed in consultation with the community
Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom and Wales with Registration
Number 07145041 and registered in South Africa as an external company with
Registration Number 2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36
CAPITAL & COUNTIES PROPERTIES PLC
APPOINTMENT OF MASTERPLANNER FOR THE EARLS COURT DEVELOPMENT PLANS TO BE
DEVELOPED IN CONSULTATION WITH THE COMMUNITY
Capital & Counties Properties PLC, working with Transport for London ("TfL") and
the London Borough of Hammersmith & Fulham, today announces that they have
appointed Terry Farrell & Partners ("Farrells"), the internationally renowned
architects and urban designers, to work with them to draw up a masterplan for
the Earls Court site. The appointment was made after an international
masterplanner competition.
Capital & Counties Properties PLC, TfL and the London Borough of Hammersmith &
Fulham will work with Farrells over the coming months to develop a detailed
masterplan for the site which will include in-depth community and stakeholder
consultation to ensure the views of local residents are reflected. During the
masterplan development process, the London Borough of Hammersmith & Fulham will
determine whether they wish to include the West Kensington and Gibbs Green
housing estates in the development area.
Ian Hawksworth, Chief Executive at Capital & Counties Properties PLC,
commented:
"Our vision is to develop an inspiring urban environment at Earls Court.
We selected Farrells as we believe that they will bring this vision to life.
Not only are we delighted to be working with such a highly regarded and
renowned architect and planner, but the selection of the masterplanner
represents a significant step forward for the Earls Court development as a
whole."
Anthony Bickmore, TfL Head of Corporate Finance Property Development, said:
"The appointment of Farrells is the next stage in the ongoing investigation
into the potential of this major West London site which has been identified
as an Opportunity Area within the Mayor`s London Plan."
"TfL is constantly seeking better ways of using its land and has significant
property interests in the Earls Court area. This regeneration project represents
an opportunity for TfL to work with the other two major property owners to
investigate the creation of a new residential and business district given its
excellent existing public transport links including one Overground and three
Tube stations along with excellent bus and road connections."
Leader of Hammersmith & Fulham, Cllr Stephen Greenhalgh, added:
"We welcome the appointment of a masterplanner and will continue to work closely
with residents in securing plans that are both appropriate for the area and
deliver real economic and housing opportunities for local people."
Sir Terry Farrell has commented:
"I am absolutely thrilled to be appointed as masterplanner for Earls Court.
This represents an extraordinary opportunity to produce a world class
development in a strategically important part of West London. Working with
the landowner, stakeholders and the local community, I will draw upon my
knowledge gained from 40 years of delivering major mixed-use masterplans in
London. With my highly experienced team at Farrells, we will aim to turn
the aspirations of all involved into a vision for `London Plus` - a 21st
Century London that enhances the most enduring qualities of this great city."
The parties will work over the coming months to develop a masterplan for Earls
Court with a view to producing an initial plan for community consultation in
the Autumn. A planning application will be submitted in approximately 12 months,
and the redevelopment work will not commence on site before the Olympic Games
in 2012 when Earls Court Exhibition Centre will host the volleyball tournament.
ENDS
Sponsor
NM Rothschild & Sons (South Africa) (Proprietary) Limited
For corporate and investor enquiries please contact:
Wendy Baker, Hudson Sandler (UK)
T: +44 (0)20 7796 4133
Nicholas Williams, College Hill (South Africa)
T: +27 (0)114473030
For other Earls Court enquiries please contact:
Chris Rumfitt, Edelman
T: + 44 (0)20 3047 2153
Notes to Editors
About Capital & Counties Properties PLC
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 3.5 million square
feet of assets valued at GBP1.2 billion (as at 31 December 2009) in three
landmark London estates: Covent Garden London, which has assets valued at GBP548
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 GBP434 million; and the Great Capital Partnership, a joint
venture with Great Portland Estates, which holds a further GBP247 million of
assets in London`s West End. The company demerged from LIBERTY INTERNATIONAL
PLC (now Capital Shopping Centres Group PLC) in May 2010, and is listed on
the London Stock Exchange and the JSE, Johannesburg.
About Farrells
Sir Terry Farrell is an architect and urban designer with a global reputation.
He is considered to be Britain`s most successful planner with offices in London,
Edinburgh and Hong Kong. In practice for over 40 years, he has completed iconic,
award-winning buildings and masterplans in cities including London, Edinburgh,
Manchester, Hong Kong, Shenzen, Shanghai, Singapore, and Seoul.
Internationally, the practice is building major new transport interchanges in
Hong Kong, China, India and South Africa. The work of the practice is
extensively published in books and journals worldwide.
Sir Terry Farrell is the government`s design champion for the Thames Gateway,
the largest regeneration project in Europe and author of `21st Century Kent`
which involves a strategic transport study for the county. In November 2009 he
was appointed to the Mayor of London`s Design Advisory Panel. He is the Mayor`s
planning lead for the Outer London Commission and was recently appointed to a
steering group to advise the Mayor on future airport strategy.
His interpretative view of London, based upon decades of experience as an urban
planner, is reflected in his new book; "Shaping London - The Patterns and Forms
that Make the Metropolis".
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