Transport for London (TfL) has announced Grainger plc as the preferred bidder for its 3,000 home build to rent programme across the capital
The build to rent programme will deliver 3,000 homes, with a minimum of 40% affordable on all new planning consents.
TfL has identified the first phase of sites at some of London’s most well-connected locations, such as Canning Town in the east and Southall in the west. Each site will be considered individually and TfL and Grainger plc will work with the local borough to identify the needs of the area.
Working with Grainger plc, TfL’s build to rent programme is an opportunity to deliver affordable, high quality homes at pace.
Dan Lovatt, head of build to rent at TfL, said: “Build to Rent is a really exciting programme and we’re thrilled at the prospect of working with Grainger plc to build the homes that our city desperately needs.
“This long-term partnership 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.
“Great customer service will always be at the heart of our partnership and, together with Grainger plc, we will be providing thousands of Londoners with well-designed homes, in places where they want to live.”
Helen Gordon, chief executive of Grainger, said: “We are delighted to be selected by TfL to work with them to deliver over 3,000 homes for Londoners.
“Through this long-term partnership we will provide much-needed quality, purpose-built rental homes in attractive locations with great transport connections across the city. Future residents will benefit from Grainger’s experience and expertise, dedicated onsite management, and commitment to delivering great rental homes.”
TfL expects the partnership to deliver thousands of build to rent homes over the first phase of sites, which are anticipated to include:
- 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.