It is not often a humble car park gets top billing in a company news announcement but the one in Seagrave Road in London's Earls Court is one step closer to being replaced by a housing development, property giant Capital and Counties (Capco) revealed.
The Hammersmith & Fulham Council has granted planning permission for the residential quarter, which will see 808 new homes built around a new public garden square in a part of London best known for its exhibition centres and large contingent of Australians.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Is property investment still as safe as houses? Why golden era could be overThe golden era of property is over and investors are better off in the stock market, new research suggests
-
What Santander’s takeover of TSB means for customersSantander is set to buy rival TSB for £2.65 billion. What does it mean for customers, and could we see the TSB brand disappear from the high street?
