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New moves are underway to speed up the construction of new homes on public land in London. The London Development Plan (LDP) brings together developers, housing associations and contractors who will work with boroughs and planning authorities to accelerate house building on land they own.
Three car parking sites in the borough of Harrow at Canons Park, Rayners Lane and Stanmore are among the first sites to be identified for the LDP. Owned by Transport for London (TfL), these sites will be developed to provide 100 percent affordable housing for Londoners, delivered in a much quicker timeframe.
The NHS has also sold the site of St Ann’s Hospital in Haringey to City Hall, with plans for the site to be the centre of a residential development offering at least 50 percent genuinely affordable housing.
In the north of the capital, Enfield Council will deliver up to 725 new homes as part of Meridian One, a major development pushed through by LDP. Meridian One will include the Meridian Water station and 25,000 square feet of commercial space and leisure facilities, and at least 35 percent of the homes provided will be affordable.
The LDP is the latest part of the Mayor of London’s aim to deliver 65,000 new homes every year in the capital. Mayor Sadiq Khan believes freeing up publicly owned land can be the key to delivering on that promise.
James Murray, deputy mayor for housing and residential development, said: “Public land has a vital role to play in tackling the housing crisis, and the new London Development Panel offers public land owners a quicker and more efficient way to bring their sites forward.
“We want to see it playing an important role in building the homes Londoners so desperately need.”
Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]