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
-
Who is the richest person in the world?The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
