Project is part of Mayor Sadiq Khan’s plans to sell off TfL land for housing
A preferred bidder has been announced for a 400-strong housing project in Greenwich backed by London Mayor Sadiq Khan and TfL.
Triangle London Developments will work to develop the vacant land, which is owned by TfL, into hundreds of new homes, commercial, retail and office space, as well as an improved transport hub, and village square.
The four-acre site, in the Royal Borough of Greenwich, is close to the Zone 3 Kidbrooke National Rail station and the Henley Cross bus station.
Subject to final approval, the new joint venture will seek planning permissions and start on site in 2018, aiming to have the first homes available to buy and rent by 2020.
It is part of TfL’s plans to develop hundreds of acres of its land, building thousands of homes – half of which will be affordable to Londoners – and generate hundreds of millions of pounds to reinvest in transport.
“The Mayor is determined to fast-track more public land for development and to ensure at least half the new homes across TfL’s portfolio of sites will be genuinely affordable,” said James Murray, London’s Deputy Mayor for Housing and Residential Development.
“Kidbrooke is a site that has sat unused for the last eight years, so I welcome this joint venture and I look forward to seeing work gather pace to deliver new affordable homes for Londoners to buy and rent.”
Kidbrooke was the first in a series of TfL sites to be released for development last year to support the Mayor of London’s manifesto pledge to unlock public land to build thousands of affordable homes for Londoners.
Other sites announced by Mr Khan include Landmark Court in Southwark, which has the potential to deliver a mixed use scheme with 35 per cent affordable housing, and Fenwick South in Lambeth, which will provide 55 homes, which will all be social housing.
Graeme Craig, Commercial Development Director for TfL, said: “This is the first of dozens of sites across London that we expect to bring forward in joint venture using our Property Partnerships Framework, and it is a great place to start.”