5th Feb 2014 16:25
LONDON (Alliance News) - Property investment and development firm Capital & Counties Properties PLC Wednesday said Transport for London has approved its proposed joint venture in relation to the large regeneration project in Earls Court in West London.
Capco said the joint venture is in relation to the land currently occupied by the Earls Court 1 and 2 exhibition halls.
The regeneration project it calls "The Earls Court Masterplan" was approved in July by the Mayor of London. It covers 77 acres of land, known as the Earls Court & West Kensington Opportunity Area.
It is owned by Capital & Counties Properties, TfL and the London Borough of Hammersmith and Fulham.
Shares in Capco were trading 0.6% lower at 353.20 pence per share shortly before the market close on Wednesday.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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