13th Nov 2013 14:41
LONDON (Alliance News) - Developers Grainger PLC and Helical Bar PLC Wednesday said Hammersmith & Fulham Council has approved their plans for a GBP150 million regeneration of King Street in Hammersmith.
The plan now just needs to be verified by Mayor of London Boris Johnson.
The companies are planning to build 196 new homes, a new three-screen cinema, shops, restaurants and cafes, new council offices and a new square.
Their joint venture, King Street Developments, will also put GBP5.25 million into a regeneration fund to boost the surrounding area and refurbish the Grade-II listed town hall, which was built in 1938.
Grainger shares were down 1.6% at 201.076 pence Thursday afternoon, while Helical Bar was down 1.1% at 311.25 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Helical BarGrainger plc