TfL seeks partner for largest site
Wed 14th February 2018, 2:56 pm
Transport for London (TfL) has announced that it is seeking a joint venture partner for its largest development site, the Limmo Peninsula in east London.
The area is currently a 5-ha Crossrail tunneling site, but will be transformed into a new neighbourhood of 1,500 homes, as part of the Canning Town and Custom House regeneration zone, with proposals that 40% of the new homes will be affordable.
Graeme Craig, director of commercial development at TfL, said: "This is the biggest site yet that we've released to our Property Partnership Framework and is a great example of a high-density development enabled by excellent transport links.
"Limmo Peninsula will make a significant contribution to meeting London's demand for more affordable homes; it's hugely exciting to be supporting growth in this area of east London and the development will secure vital long-term income that we can reinvest in the transport network."