The London Development Agency is planning to release sites in east London with capacity for up to 12,000 homes as part of a major development strategy to be launched next month
The body’s plans, which are revealed in LDA board papers recently made public, will involve setting up a London Housing Company in joint venture with a private investor. The LDA is planning to launch the wide-ranging strategy at next month’s Mipim property conference in Cannes.
The papers reveal the agency has identified east London sites for early disposal that could hold 8,000-12,000 homes. Areas will be developed with the help of the Homes and Communities Agency (HCA), or through a new procurement round, or through the proposed London Housing Company.
The LDA proposes parcelling up three sites of 1,500 homes in the Albert Basin into 25-home bundles for developers. Bidders will have to meet London Design Guide criteria – including space standards – and may be able to partner with the LDA.
The London Housing Company will focus on six sites, including the 2,500-home Parcel Force site, the 800-home Silvertown Way site, the stalled 5,000-home Silvertown Quays scheme and the 250-homes Gallions Park site.
The lda could use the 28 firms that prequalified for the HCA’s developer panel
The board papers say the LDA could use the 28 contractors, housebuilders and developers who prequalified for the HCA’s developer panel. These include contractors Laing O’Rourke, Carillion, Galliford Try, Kier, Skanska and Wates.
The news comes as it emerged that the government and the LDA have failed to reach agreement about the cost of land bought by the agency for the Olympics.
The land cannot be transferred to the legacy body set up to deal with the post-Olympic redevelopment until a deal is reached. The LDA said it could be six months before that happens.