Plans for a 77-acre redevelopment of the area have been approved by the Mayor of London

London’s iconic Earls Court venue is to be demolished.

The west London venue, which was formerly home to the Brit Awards ceremony and has over the years seen performances from Oasis, The Rolling Stones, Radiohead and Muse will go as part of a 77-acre redevelopment scheme, which was approved by the Mayor of London last night (July 3).

As the BBC reports, developers want to build four ‘villages’ and a ‘high street’ which they say will create 7,500 homes and thousands of jobs. Campaigners wanting to save the venue argued that scrapping the venue and exhibition centre would damage trade and that the centre should be listed.

However, a statement from the Mayor of London Boris Johnson, who approved the redevelopment proposals after meeting his planning team yesterday (July 3) said: “I’m in no doubt that the development will provide a massive boost not just to this part of the capital, but to London’s wider economy as well.”

The development is expected to take 20 years to complete. It is not yet clear when the centre will actually be demolished, but it could mean that Arctic Monkeys will have to reschedule their October date there.

The centre, which first opened to the public in 1937, was also used as a venue during the 2012 London Olympics.