Plans for London’s Earls Court shrink again

The redevelopment of Earls Court has endured a long and tortured history of opposition and a weak luxury London housing market that’s threatened profitability. — Bloomberg

LONDON: Plans for the long-stalled Earls Court redevelopment have been scaled back, in the latest rethink for London’s largest cleared development site.

Private equity firm Delancey and Dutch pension fund APG, which own the site through the Earls Court Development Company (ECDC), published draft proposals Wednesday that include 4,000 homes and 2.5 million sq ft of workspace.