CapCo in talks over Earls Court

Property group Capital & Counties is in talks over the redevelopment of Earls Court in west London with one of Asia’s wealthiest families. The firm is negotiating a joint venture with the Kwok family, the controllers of Sun Hung Kai Properties – Hong Kong’s largest listed developer. The talks are said to centre on the redevelopment of a site occupied by a car park on Seagrave Road, the Financial Times reports. Chelsea Football Club had been linked with the site, yet has reportedly been told it would have to pay up to £1bn for the land.