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LONDON-Capital & Counties Properties PLC cleared an approvals hurdle Wednesday for its master-planned redevelopment of the Earls Court and West Kensington Opportunity Area here. The London Borough of Hammersmith & Fulham’s council gave its blessing to the plans submitted by Capco’s EC Properties unit, subject to conditions and a legal agreement for the redevelopment of 57 acres of land in a project that will cost an estimated $12.9 billion.

In a statement, Capco CEO Ian Hawskworth says his company is pleased by the LBHF’s decision to grant outline planning consent for the Earls Court master plan, which was devised by Sir Terry Farrell around the concept of “four urban villages and a 21st century High Street.” Hawksworth adds that the proposed scheme will offer “a multi-billion-pound investment in both London and the local community, creating thousands of new homes and jobs.”

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