TfL outlines plans to release land for 10,000 homes

Mayoral body Transport for London (TfL) has announced that it is to release more than 120 hectares of land to help create more than 10,000 new homes across London.

TfL: agency has announced plans for new homes on surplus land holdings (picture by John Sturrock & TfL)
TfL: agency has announced plans for new homes on surplus land holdings (picture by John Sturrock & TfL)

The TfL land will be developed over the next decade to provide new homes, offices and retail units, TfL announced yesterday. The agency said in a statement that two-thirds of the development would take place in travel zones 1 and 2.
 
TfL added that it is hoping to generate £3.4 billion in commercial revenue by 2023 to reinvest in London's transport system.
 
It said it would be working with planning officers in local councils "to maximise the amount of affordable and social housing that is delivered."
 
London mayor Boris Johnson said: "TfL's plans will build on the great efforts we've already made at City Hall to ensure brownfield land that has laid empty for years is put to productive use in providing much-needed housing for Londoners.
 
"It's important that all key agencies work together to accelerate the rate of house-building across the capital and redevelop land and assets wherever possible to deliver more homes."
 
With around 2,300 hectares on its books, TfL is one of the largest landowners in the capital, with assets ranging from Zone 1 locations such as London Bridge and Oxford Circus to sites in Zone 6 areas, such as Northwood in north-west London.

TfL said that, while much of that land remains part of the operational transport network and is not simple to develop, it is "determined to work with all partners … to bring forward all that it can in innovative and creative ways to respond to London’s needs in terms of infrastructure, housing and commercial and retail property".
 
TfL said that some of the 120 hectares will be developed as part of property development partnerships announced by TfL in February this year.
 
It added that it is currently evaluating the bids of the potential partners, and that the final partner will be announced in the coming months.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Join the conversation with PlanningResource on social media

Follow Us:
Planning Jobs