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Three shortlisted for TfL build-to-rent partner role
Three companies are left in the race to become Transport for London’s (TfL) investment partner for the delivery of more than 3,000 build-to-rent homes across the capital.
Grainger, Argent Related and Greystar have all been shortlisted for the investment partnership role which will see the successful company support TfL in bringing forward build-to-rent developments on up to 10 sites in London.
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TfL said the bidding process attracted interest from a wide range of national and international investors.
The sites will be situated around stations on the underground network, with 40% affordable housing a minimum requirement for any planning consent.
Sites include a potential 1,500-home development at Limmo Peninsula in Canning Town, a 400-home site in Southall and a site next to Nine Elms tube station in Lambeth which could deliver up to 400 homes.
TfL said the build-to-rent model would allow it to build homes at pace while creating a long-term stable way of generating income to be invested back into the transport network.
Daniel Lovatt, head of development at TfL, said: “Build to Rent provides us with an unrivalled opportunity to deliver affordable, high-quality homes at pace while also generating significant ongoing revenue to reinvest back into the transport network.”
Proposed TfL sites
- Limmo Peninsula, Canning Town, Newham - with the potential for up to 1,500 homes
- Southall Sidings , Ealing – with the potential for up to 400 homes
- Nine Elms Tube station, Lambeth - with the potential for up to 400 homes
- Armourers Court, Woolwich, Greenwich - with the potential for up to 400 homes
- Hounslow West Tube station, Hounslow - with the potential for up to 350 homes
- Cockfosters Tube station, Enfield - with the potential for up to 300 homes
- Arnos Grove Tube station, Enfield - with the potential for up to 100 homes
- Montford Place, Kennington, Lambeth - with the potential for up to 100 homes
