The developer announced it had bought out its partner Land Securities’ 50% state in the 31-storey building today taking full control of the 450,000 sq ft building.
Capco is planning the £8bn redevelopment of the Earls Court area under an ambitious masterplan drawn up by Terry Farrell.
The Empress building, which is presently home to the Mayor’s Office for Policing and Crime until June 2019, sits within the site, which will see the Earls Court Exhibition Centre demolished clearing the way for 7,500 new homes across four new residential districts in West London.
Gary Yardley, Investment Director of Capco, said: “The Empress State Building provides an attractive income stream until 2019 while offering a number of options to create further value over the medium-term as the area benefits from the implementation of the Earls Court Masterplan.”
Capital and Counties eyes what could be one of the largest office to flats schemes seen in the capital
 (300 x 250 px) (2).png)
