The first site owned by Transport for London (TfL) has been released for development in a move that will provide hundreds of affordable homes.
Mayor Sadiq Khan instructed the TfL to bring forward the four-acre Greenwich site of Kidbrooke yesterday in what his office described as the ‘first in a wave of sites ready to be developed’.
The Kidbrooke area will see 400 new homes built - 50% of which will be affordable to rent and buy. This is inline with the mayor’s long-term strategic goal for half the new homes in London to be affordable.
TfL is aiming to have a development partner identified early next year to form a joint venture to seek planning permission and develop the site that will be completed in 2020.
According to the mayor’s office, the TfL owns 75 sites across 300 acres of land that have the potential to hold up to 10,000 new homes.
Mayor Khan said: ‘Getting homes built on public land can be hard, but after being elected I set to work immediately to make sure we get building on more of the hundreds of sites owned by Transport for London, stretching right across the capital, that have been allowed to languish unused for far too long.
‘This site in Kidbrooke will be the first of many we are fast-tracking to build genuinely affordable homes for Londoners.’
Graeme Craig, TfL commercial development director, said: ‘Kidbrooke is the first of over a hundred sites that we are looking to develop to help us meet London’s critical need for housing.
'This is also one of a number of ways we’re generating substantial non-fare revenue to reinvest in modernising London’s network to make it better for everyone.’
Photo: Martin Hoscik/Shutterstock.com
