Transport for London picks 300 acres for property development drive

Transport for London picks 300 acres for property development drive

The capital’s transport body has chosen some of its most valuable sites to lead the way in exploiting its land assets

Transport for London’s journey towards becoming a major property developer in the capital has reached another milestone with its announcement that over 300 acres of its land comprising 75 sites will be made available for the building of homes, shops and offices over the next ten years, of which 200 acres will be in the highest value travel zones 1 and 2.

Back in January, the transport agency said that up to 50 of its sites would be picked for the first phase of the programme for redevelopment in partnership with between three and six specialist firms, and that another 25 would be developed with others outside that group or in some cases potentially sold. The selected panel of “property partners” will be made known in the New Year and might end up including more than six. It’s all terribly businesslike.

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Source: Guardian Transport

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