TfL announces development panel
Thu 4th February 2016, 2:30 pm
Transport for London (TfL) has announced the line-up of developers for its Property Partnership Framework.
Thirteen organisations have been selected for this framework, including a number of consortia.
The aim of the framework is to deliver 10,000 homes on 75 sites covering 120 hectares. TfL received over 50 bids for the panel.
Graeme Craig, director of commercial development at TfL, said: "After an extremely competitive process, we have appointed a selection of leading development organisations that we will work with to bring forward thousands of much-needed homes, along with commercial space and jobs that will help support the capital’s continued growth.
"The 300 acres [121.4 hectares] of land we have announced for development is just the first wave. We are currently reviewing our assets to see how many more sites we can develop, especially in outer London, to provide homes that Londoners can afford, while also generating revenue that can be reinvested in the transport network."
The developers are:
• Balfour Beatty
• Barratt Developments / London & Quadrant Housing Association
• Berkeley Group
• British Land
• Canary Wharf Group
• Capital & Counties
• Land Securities
• Mace / Peabody Trust / DV4
• Mount Anvil Group / Hyde Housing Association
• Redrow Homes
• Stanhope / Mitsui Fudosan
• Taylor Wimpey
• U+I / Notting Hill Housing Group