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October 22, 2019

Giant, Troubled Earls Court Scheme Could Be Heading For BTR Future
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A huge residential development site at Earls Court could become one of the largest build-to-rent schemes in London, if the recent history of the parties behind a bid for the scheme are anything to go by.

CapCo, the company that owns the 77-acre site in West London, said Monday that it had granted a short period of exclusivity to Delancey and APG regarding a potential purchase of the scheme.

The announcement came after weekend press reports that Nick Candy was looking to buy CapCo, which owns both the Earls Court site and retail and leisure assets at Covent Garden in the West End.

Giant, Troubled Earls Court Scheme Could Be Heading For BTR Future

The Earls Court site had been earmarked for 7,500 luxury flats, with a potential end value of between £8B and £18B, depending on where you take your estimate from. The site itself was last valued at £599M by CapCo in July, a 12% decrease over the course of six months,…

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El Camino, wow, so boring, what an anticlimax. mike.phillips@bisnow.com
 
 
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