TfL property company sets out programme to deliver new homes and workspaces

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TfL’s property company Places for London is investing in new housing and commercial development. TfL

TfL’s newly-renamed property company Places for London has set out its programme to deliver homes and work spaces across the capital, with work already underway on thousands of homes. The company also plans to drive long-term change across the sector, in the areas of sustainability and skills.

Among its ongoing projects, the company recently completed works at Blackhorse View where it has delivered 350 new homes in partnership with a number of house builders since 2021, with around three-quarters of the homes sold, and is commencing work at Wembley Park station, where more than 450 new homes are being constructed, alongside a number of other schemes.

The company has also signed a contract with Helical to deliver around 600,000 square feet of new high-quality and sustainable office space above or close to London Tube stations, and says that it will continue to focus its efforts and investment on its existing shops and arches in order to continue supporting local businesses which are helping to drive the city’s recovery.

Director and Chief Executive Officer Graeme Craig said: “As Places for London, we are excited to be taking the next step on our journey as we make London a better place to live, work and spend time in. With a clearer name, we will continue to build on our existing track record of delivery, while also focusing our efforts on transitioning from being simply one of London’s biggest landowners to becoming one of its most important place-makers.

“Not only will we be building new homes, workspaces and retail spaces, enabling our capital to thrive, we will be taking every opportunity to deliver transport. This will be achieved by both generating revenue that can then be returned to TfL and reinvested in the transport network, as well as through our developments themselves, which aspire to create wider improvements for those in the local community too.”

Chair of TfL’s Land and Property Committee Greg Clark said: “Transport and property have always been closely intertwined, from Metro-land to the Elizabeth line, in shaping the potential of any place, not least London. Our capital is facing an array of challenges, including the climate emergency, housing shortages and working out how best to create a city that embraces both its history as well as the opportunities that the future has to offer. Places for London will play a vital role in addressing these issues head-on, as London’s newest great estate, acting with integrity as one of capital’s most significant landlords, developers and as a convenor of public land.”