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Old December 14th, 2013, 12:22 AM   #1
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Floral Court and Carriage Hall | Covent Garden


Kings Court and Carriage Hall
Covent Garden

Official website: http://www.coventgardenlondonuk.com/kingscourt

Planning Application: Westminster 13/05128/FULL




Development Facts

8,360m² scheme

New pedestrian passageway connecting Long Acre and King Street

New public courtyard along the passageway, overlooked by 45 new homes, restaurants and retail space








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Old December 14th, 2013, 12:25 AM   #2
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CapCo’s Covent Garden Apartment Project Wins Approval
Bloomberg
12 December 2013


Quote:
Capital & Counties Properties Plc, the London developer that owns most of Covent Garden, won approval to build 45 apartments in the district as well as shops and restaurants as property values in the city reach records.

The developer’s 103,000 square-foot (9,550 square-meter) project includes a pedestrian street between Long Acre and King Street to boost the number of people passing through Covent Garden. Westminster Council voted in favor of the plan at a meeting yesterday.

CapCo sold apartments in the district for about 2,400 pounds ($4,000) a square foot this year, a record for the area, it said in a Nov. 15 filing. Greater London home prices reached a record 456,207 pounds in September, up 7.9 percent from a year earlier, according to researcher Acadametrics Ltd. CapCo’s assets in the district, known for its shopping and leisure attractions, are valued at 1.1 billion pounds.

“These plans will have a significant impact on how visitors experience Covent Garden,” Chief Executive Officer Ian Hawksworth said in a statement today. The project will “bring a critical mass of new retail, dining and residential.”

Work on the development will probably start in June and will take as many as three years to complete, according to the statement.

‘Value Creation’

Planning approval “is an incremental positive for the overall plan at Covent Garden, which is already seeing substantial value creation through brand repositioning as well as benefiting from consolidation of ownership around the estate,” Jefferies Group LLC analysts including Robert Duncan wrote in a note to clients today.

Hawksworth sold CapCo stock after exercising options for 1.73 million shares, according to a Dec. 5 filing. He sold 3.8 million pounds of stock on Dec. 2 at 3.22 pounds a share, the filing said. Two days later, he sold 53,620 shares to his pension plan and disposed of 21,380 more shares on the open market at 3.25 pounds each.

The CEO had almost 777,000 shares before exercising the options and selling the stock and now has about 755,600 shares, said Michael Sandler, an external spokesman for CapCo at Hudson Sandler Ltd.
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Old December 14th, 2013, 04:12 AM   #3
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Looks like Covent Garden is becoming more and more like the Lanes in Brighton.
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Old December 14th, 2013, 09:28 AM   #4
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Loos good. But what are the reasons for the development?
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Old December 14th, 2013, 12:13 PM   #5
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Quote:
Originally Posted by Storeys View Post
Loos good. But what are the reasons for the development?
This is the main development area, between King Street and Floral Street:




The intention is to reopen a pedestrian thoroughfare between the two streets:




The thoroughfare will include a central courtyard, fronted by restaurants/cafes and overlooked by apartments:

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Old December 14th, 2013, 12:34 PM   #6
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Quote:
Originally Posted by SE9 View Post
This is the main development area, between King Street and Floral Street:
Thanks SE9.

The plans look good to me. And it will open up a walkway which once existed? A concern could be that they're knocking through a shop front. But opening up a pathway which used to exist is like bringing back history. A nice touch, in my opinion!
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Old December 15th, 2013, 11:31 PM   #7
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Looks really good!
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Old December 16th, 2013, 06:31 PM   #8
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Originally Posted by Mr Bricks View Post
Looks really good!
Yeah, looks like a great little development: excellent permeability and the entire ground floor is activated by attractive retail. The architecture is quite restrained but at they same time very elegant.
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Old December 17th, 2013, 02:37 AM   #9
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I see that redevelopment zone is touching the Lamb & Flag pub.
I hope they are not trying to destroy it and replace by another soulless, overpriced bar for rich expats from outside the UK.
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Old May 8th, 2014, 08:35 PM   #10
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Capco builds on Covent Garden demand
Shopping Centre
7 May 2014
Quote:
Leasing transactions including new leases, renewals and rent reviews representing £3.6 million of rental income were completed at 3.6 per cent above December 2013 ERV.

Beachwear brand Orlebar Brown has opened a new store on Floral Street as part of the new 'Floral Street Goes Pop' initiative to introduce pop-up brands to the street ahead of the Kings Court and Carriage Hall developments.

Lululemon athletica opened its UK flagship store on Long Acre and Moleskine is also due to open shortly on King Street.

Lima, a Michelin-starred restaurant presenting Peruvian cuisine in a contemporary style, has completed terms to open on Garrick Street. And Caprice Holdings has commenced fit-out of One South Piazza for its new flagship restaurant.

In the light of this strong demand, preliminary work for the Kings Court and Carriage Hall developments has commenced with construction expected to start in autumn 2014.
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Old August 1st, 2014, 01:55 PM   #11
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Full article: Construction Enquirer.com

Quote:
Developer Capital & Counties has revealed it plans to start the biggest project in Covent Garden since the Royal Opera House in the 1990s...

...Work will start this autumn and take up to three years to complete.


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Old October 20th, 2014, 02:33 PM   #12
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The latest newsletter for the project: http://www.coventgardenlondonuk.com/...%20260914.docx

Quote:
Immediate works

As part of the demolition process, we need to fell the trees in the existing concealed courtyard between King Street and Floral Street. This will take place on Friday 26 October and Saturday 27 October.
It is necessary to remove the existing trees in order to start demolition. The same number of mature trees will be provided in the new courtyards once the project is finished.
Capco has already engaged an ecologist to ensure that there are no nesting birds in the trees.

No noisy works will be carried out outside of Westminster City Council’s specified hours. In addition, the team has committed to preventing any noisy works between 12pm and 2pm.
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Old November 12th, 2014, 10:12 AM   #13
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Old January 22nd, 2015, 03:32 PM   #14
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Old January 26th, 2015, 02:52 PM   #15
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What an amazing project, and it fits well with the Covent Garden area, small yards and alleyways. Ensuring the West End keeps it's small cafe squares.
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Old May 5th, 2016, 11:44 AM   #16
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Kings Court and Carriage Hall - Covent Garden, London by SE9, on Flickr


Kings Court and Carriage Hall - Covent Garden, London by SE9, on Flickr


Kings Court and Carriage Hall - Covent Garden, London by SE9, on Flickr
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Old May 5th, 2016, 12:50 PM   #17
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Quote:
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Thinking about paved roads, wouldn't it be nice to replace those painted double yellow lines with lines of yellow brick? Over the long term less need for maintenance, look nicer, doesn't degrade and look ghastly etc. Would be worth the investment.
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Old May 9th, 2016, 11:20 AM   #18
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Or maybe give up the whole practice of painting every street, road and alley with double yellow lines? A simple sign would do the job.
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Old June 13th, 2016, 03:07 PM   #19
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Does anyone here know who owns Old Brewer's Yard in Covent Garden? It looks like it is ripe for a courtyard redevelopment alongside this project.

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Old June 13th, 2016, 03:38 PM   #20
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Quote:
Originally Posted by Mr Bricks View Post
Or maybe give up the whole practice of painting every street, road and alley with double yellow lines? A simple sign would do the job.
And you get the mess like in Italy and France, no thanks!
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