London’s West Kensington shows all the signs of a regeneration ripple
A ribbon of land in the West Kensington area of London is now the largest regeneration area in the UK capital, and is set to affect property prices in the unloved neighbourhood, a report has found. Within a stone’s throw of each other, three key sites covering about 25 hectares will provide £11.8 billion ($15.9 billion) of new development, creating homes, offices, retail and leisure…
West Kensington in London is set to undergo significant regeneration, making it the largest such project in the UK capital. The area, which includes three key sites covering around 25 hectares, is expected to generate £11.8 billion of new development, creating homes, offices, retail, and leisure opportunities. This regeneration is on par with other high-profile projects like King's Cross and Battersea Power Station, and surpasses Battersea and Queensway in terms of scale and value.
The three sites include the Earl's Court and Olympia exhibition centres, which have fallen into decline, and West Cromwell Road, which will become 100 Kensington, providing 462 new homes. The regeneration is expected to raise property prices in the area by between 2.2 per cent and 2.9 per cent annually, compared to the 5.2 per cent annual increase experienced across the rest of the borough.
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- London’s West Kensington shows all the signs of a regeneration ripple thenationalnews.com
