Plans for a £400m redevelopment of Lord's cricket ground in St John's Wood have been put forward by Swiss architect Herzog & de Meuron.

As reported in The Times, the plans will see the capacity of the ground increased by 7,500, and the development paid for by the sale of luxury flats in the vicinity, worth up to £1.4m each.

Herzog & de Meuron was selected for the job in July last year, but it has been hit by reports of delays since then. Work is likely to begin in 2011 at the earliest, with planning permission still required. The development is likely to take 10 years to complete, requiring the demolition and rebuilding of five existing stands.