Mayor fast-tracks more public land for affordable homes
Tuesday November 1st, 2016
Sadiq Khan announced two more sites that Transport for London (TfL) will bring forward as part of his plan to fast-track public land to deliver more genuinely affordable homes for Londoners.
He has speeded up the building of new homes on land owned by TfL after it identified the potential for up to 10,000 new homes at 75 sites across 300 acres of its land.
The two sites announced 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.
The two sites will contribute towards the Mayor’s commitment to bring forward TfL land for homes, of which 50 per cent across the TfL portfolio will be affordable. They follow the Mayor’s announcement in August of the first land owned by TfL being brought forward for development in Kidbrooke, Greenwich, which will provide 400 new homes – of which 50 per cent will be affordable to rent and buy. The four-acre Greenwich site had sat empty for the eight years of the previous Mayor’s time in office.
Sadiq Khan said:
“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. 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.”
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