A new-look masterplan for the stalled former Earls Court exhibition centre brownfield site is still being drawn up but is expected to contain plans for 4,500 homes, alongside cultural venues and parks.
The purchase of Lillie Bridge Depot and associated land will form a key part of the emerging plan.
The huge site was originally being brought forward by TfL’s partner Capital & Counties Properties. But its scheme stalled after protests over plans to demolish two council estates, which have since been handed back to Hammersmith and Fulham council.
Delancey replaced Capital & Counties and has gone back to the drawing board with a new masterplan expected to be submitted by October 2023.
Now construction is timetabled to start in 2025 and take 15 years, with plans to create up to 15,000 jobs.
Rob Heasman, CEO of The Earls Court Development Company, said: “The acquisition of Lillie Bridge Depot is a very important step forward for Earls Court.
“Unlocking this final piece of land will enable comprehensive development of the site.
“One of our key priorities is to open up the site to the community and celebrate the area’s legacy of world-class ingenuity.
“The acquisition of the depot land means we are one step closer to achieving this. We look forward to sharing our draft masterplan and the next phase of consultation this winter.”