Sadiq Khan announced two more sites that Transport for London (TfL) will bring forward as part of his plan to fast-track public land for property development.
TfL identified the potential for up to 10,000 new homes at 75 sites across 300 acres of its land. “It is unacceptable for sites to sit unused when our city is crying out for more housing,” said Khan.
The two sites announced today (1 November) are at Landmark Court in Southwark and Fenwick South, near Clapham North station, in Lambeth, both of which have the capacity to deliver new homes alongside commercial and retail space.
Fenwick South will deliver a community centre and 55 new homes, all of which will be social housing. TfL is delivering the project on land owned by Lambeth Council as part of a planning agreement, although there was no obligation to build out the homes until 2025. In line with the Mayor’s commitment, TfL will now fast-track this site, with work expected to begin early next year.
Landmark Court, which is in walking distance from Borough Market and London Bridge station, has the potential to unlock more than 25,000 sqm of development. The site has potential for mixed use development, including commercial and retail space, and potentially more than 100 homes, of which at least 35 per cent will be affordable. TfL has today launched the tender for developers and is aiming to have a partner identified early next year to develop the site.
“A chronic lack of affordable housing in our city has undeniably led to Londoners being priced out, with rents they can’t afford and little hope of getting on the property ladder,” said Khan. “We won’t be able to fix this problem overnight, but I am determined to lead the way by building more new and genuinely affordable homes to rent and buy.
“That is why it is crucial we get on and start building affordable homes on the hundreds of sites owned by Transport for London that we know have been sat undeveloped for far too long. It is unacceptable for sites to sit unused when our city is crying out for more housing and these two sites are just the next step in fast-tracking public land to deliver homes for Londoners.”
Graeme Craig, TfL Commercial Development Director said, “Today’s announcement illustrates how we are working closely with the Mayor across all of our sites to deliver the types of development London needs. This includes delivering affordable housing to help address London’s chronic housing shortage whilst also generating vital, non-fare revenue to reinvest in modernising London’s transport network.”