Canary Wharf Group is in preliminary talks to purchase most of Capital and Counties’ interests in Earls Court.
CapCo has held a number of discussions over proposals for purchasing interests in the Earls Court Masterplan, to “establish the value and deliverability of the proposals”.
It has also been considering a demerger of its business.
The masterplan proposes 3.4m sq ft of new development, including 7,500 new homes. But falls in the prime London housing market, as well as local opposition, have hampered progress. Hammersmith & Fulham Council is looking into a potential CPO to take back land on the site to deliver affordable housing.
Canary Wharf Group is owned by the Qatar Investment Authority and Brookfield Asset Management.
Canary Wharf Group declined to comment. CapCo was approached for comment.
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