GLA announces land procurement panel
Thu 25th April 2013, 9:41 am
London mayor Boris Johnson has announced the 25 developers chosen to sit on the GLA land procurement panel.
The panel establishes a framework agreement enabling public sector land owners to award individual development contracts to panel members without the need to go through a lengthy and expensive procurement process.
Panel members are expected to procure up to £5bn worth of residential led mix-use developments on public owned land over the coming four years.
Mayor Boris Johnson said: “The demand for housing in the capital is reaching unprecedented levels making the potential for development on public land far too important to ignore.
“The London Development Panel will act as a one-stop shop for public land owners in the capital, making it quicker, easier and cheaper for them to bring their land forward for development, increasing the number of homes being built, creating jobs and boosting the capital’s economy.
And according to reports, the newly formed NHS Property Services has made a deal with the GLA to make use of the development panel to dispose of surplus land for housing from it's £5 billion property portfolio.