The scheme, which will be delivered by Aviva Investors and developer Helical Bar, will see the construction of 11 buildings across the 12-acre site, including a 32 storey residential tower. The buildings will comprise up to 1,150 new homes, 10% of which will be affordable, as well as 20,000 square metres of offices, shops, restaurants, cafes and multi-purpose community facilities.
The developers and the Council will now work up a section 106 agreement under which the developer will contribute more than £1.4 million to local education to create more available school places, £1.1m towards employment initiatives for people living in White City and £1.2m towards the local Primary Care Trust to help increase the capacity of existing health services in the area.
Financial contributions will also be made towards local transport and cycle hire docking stations and £450,000 will be paid to Transport for London to improve local bus services in the vicinity.
"This brand new development is set to bring huge benefits to local people in all areas of their lives, with much needed new homes, health facilities, school places and employment opportunities," said Council leader Nicholas Botterill in a statement.
"It is yet another exciting project that will help regenerate and bring to life a patch of land that has been underused for many years, and really shows that Hammersmith & Fulham is a borough of opportunity,” he said.
The scheme will be delivered over seven phases and is expected to take 11 years to complete.
