Capital and Counties, the real estate firm which wants to redevelop a huge swathe of west London, now has a clearer idea of how much it will have to pay for land in Earls Court & West Kensington.
The London Borough of Hammersmith and Fulham has published a report which prices its holdings of 22 acres around the so-called "opportunity area" at £105m.
Capital and Counties would also have to provide "re-provisioning" for the 760 homes already on the site at prevailing market rates.
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
The firm says it has not agreed to the price but "welcomes" the publication of the report.
BS
-
Rents rise at slowest pace for four years – is buy-to-let still worth it?Slowing rental growth and higher property taxes are creating a headache for landlords. Does buy-to-let still offer a good yield?
-
Should you bag a bargain with a half-price investment trust?Twenty-six investment trusts look cheap by historic standards, with some trading at a discount of more than 50%. Are they a bargain or value trap?
