Grainger teams up with TfL to deliver 3,000 rental homes

Transport for London has selected residential landlord Grainger as its joint venture development partner for initially eight site in London.

Together TfL and Grainger will deliver over 3,000 new homes across the seed sites, with a minimum of 40%  affordable homes on all new planning consents, and the remainder predominantly for the private rental market.

The joint venture structure of 49:51 (TfL:Grainger) will build out sites located adjacent to TfL stations.

Eight chosen sites

• Limmo Peninsula, Canning Town, Newham (potential for up to 1,500 homes)
• Southall Sidings, Ealing (up to 400 homes)
• Nine Elms Tube station, Lambeth (up to 400 homes)
• Armourers Court, Woolwich, Greenwich (up to 400 homes)
• Hounslow West Tube station, Hounslow (up to 350 homes)
• Cockfosters Tube station, Enfield – (up to 300 homes)
• Arnos Grove Tube station, Enfield – (up to 100 homes)
• Montford Place, Kennington, Lambeth – (up to 100 homes)

Work has commenced on the early-stage planning applications for several of the schemes.

Build to rent schemes form part of TfL’s wider programme to provide a long-term development pipeline, delivering an initial 10,000 homes across 320 acres, with a target to start construction on the sites by 2021.

Dan Lovatt, Head of Build to Rent at Transport for London, said: “Build to Rent is a really exciting programme and we’re thrilled at the prospect of working with Grainger 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.”

from Construction Enquirer http://www.constructionenquirer.com/2019/04/01/grainger-teams-up-with-tfl-to-deliver-3000-rental-homes/

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