The upmarket housebuilder Berkeley Homes is eyeing an approach for the Earls Court site owned by Capital & Counties, the troubled FTSE 250 property developer.
Berkeley, run by veteran builder Tony Pidgley, is understood to have held a preliminary conversation with CapCo about the west London scheme in the past six weeks, but sources said it had not progressed.
CapCo valued its Earls Court interests at £1bn at the end of last year. Although that was a 28.5% cut from the peak valuation at the end of 2015, Berkeley is understood to believe the site is worth roughly half that amount.
