Grainger plc has announced that its joint venture vehicle with Helical Bar plc has exchanged contracts with the London Borough of Hammersmith & Fulham for a major mixed-use development of the area around Hammersmith Town Hall, at the western end of King Street, London. The planning application is expected to be submitted in late 2008.
The development will provide approximately 290 new homes, both affordable and private, with pedestrian access to the river via a new footbridge, together with an 11,000-m² civic office building, including a council one stop shop, and 5,200 m² of retail, cafes and restaurants.
The heart of the scheme is a series of new urban spaces that link together and provide a new pedestrian connection to the river; these include a public square, a pedestrian street, a footbridge and a redesigned park. The new square will be framed by the reinstated listed town hall to the south (currently obscured by a 1960's office development) and new buildings to the east and west comprising cafes, restaurants, offices and homes and a new community supermarket.
The development is expected to have an end value of approximately