Transport for London (TfL) has appointed 13 major property developers to deliver thousands of homes, offices and retail spaces in London.
The firms, selected from over 50 applicants, will be placed on TfL’s Property Partnership Framework and able to bid for work on TfL sites across the capital.
The Property Partnership programme is part of TfL’s plan to generate £3.4bn in non-fares commercial revenue by 2023 which will be reinvested into London’s transport network.
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 of land we have announced for development is just the first phase.
“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.”
In October, TfL announced that it would be releasing 300 acres of land to help create 10,000 new homes across London, with 67% of the developments being in zones 1 and 2.
The firms selected are:
• Balfour Beatty PLC
• Barratt Development PLC / London and Quadrant Housing Association (Consortium)
• Berkeley Group PLC
• The British Land Company PLC
• Canary Wharf Group PLC
• Capital and Counties PLC
• U+I / Notting Hill Housing Group (Consortium)
• Land Securities Group PLC
• Mace Limited / Peabody Trust / DV4 Limited (Consortium)
• Mount Anvil Group Limited / Hyde Housing Association Limited
• Redrow Homes Ltd
• Stanhope PLC / Mitsui Fudosan Company Limited
• Taylor Wimpey UK Ltd
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