Published: 21st Nov 2019

The London borough of Hammersmith and Fulham is to buy back two housing estates from developers, which had been facing demolition. The council will take back control of the West Kensington and Gibbs Green Estates, which had originally been sold off under a previous administration in 2012 to developers Capital and Counties Properties (Capco). The estates were part of a larger redevelopment project, which covered a large part of Earls Court. But last week Capco announced it had sold most of its interests in Earls Court to another developer, APG and Delancey for £425 million. The leader of Hammersmith and Fulham Council, Cllr Stephen Cowan then reached an agreement with Delancey to take back the estates in exchange for £89.6m – the sum of the original £105m deal so far paid by Capco – once the deal between the property firms is completed. ‘The decisions are required to terminate the … (To read the full article, subscribe below)