Earls Court redevelopment #3

Meeting: 
MQT on 2014-07-23
Session date: 
July 23, 2014
Reference: 
2014/2791
Question By: 
Nicky Gavron
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In view of the housing crisis in the capital, do you support Hammersmith & Fulham Council's request to Capco that the Earls Court Masterplan allow for a much greater proportion of affordable and social housing and a restraint on overseas sales?

Answer

Answer for Earls Court redevelopment #3

Answer for Earls Court redevelopment #3

Answered By: 
The Mayor

At the outline planning application stage for the Earl's Court redevelopment, the applicant (Capco) submitted a financial viability appraisal in support of the affordable housing offer, which was subject to independent assessment on behalf of the Royal Borough of Kensington and Chelsea, London Borough of Hammersmith and Fulham and the GLA. The independent assessment concluded that the overall affordable housing provision (including the re-provision of the Gibbs Green and West Kensington estates) was the maximum reasonable amount that the scheme could provide, in accordance with the planning policy requirements of the Development Plan, including the London Plan Policy. Any proposal to change the affordable housing offer (no such request has yet been made) would require the application to be referred back to myself, and I would take a decision on the appropriateness of the offer at that stage.

 

Capco, the developer of the Earl's Court Masterplan, is a signatory to the Mayor's Concordat on New Homes for Londoners. This commits Capco to market homes in their developments first or first equal to Londoners. New homes will therefore be available for sale to Londoners before, or at the same time as they are available to buyers from other countries.