Twenty-five firms, including housing associations in partnership with contractors and mainstream house builders, have made the London Development Panel to deliver a massive new homes programme over the next four years.
London Mayor Boris Johnson estimated the selected firms would build £5bn of housing-led, mixed-use development on public land.
The Mayor inherited from the Homes and Communities Agency responsibility for delivering the affordable homes programme in the Capital last year and has an ambitious 50,000 new homes target.
The Capital’s predicted pipeline of new housing work overshadow’s the HCA’s remaining delivery partner panel covering the rest of England, which will deliver £4bn of housing development over the same period.
Mike Leonard, CEO of the Modern Masonry Alliance, said: "This is great news as the homes are badly needed and their Construction will drive jobs and growth.
"We hope the GLA will do everything they can to include SME builders in this programme and to engage with them to convert and build on the smaller plots of land owned by Local Authorities.
"We also ask the GLA to, where possible, buy British materials from local manufacturers, providing much needed demand for our struggling SME suppliers."
Developers will be able to build out sites before paying for land on several schemes taking much of the risk out of development.Binding development agreements will be signed with the firms to avoid land banking.
The panel will be managed by the Greater London Authority with the support of Transport for London, which is acting as procurement agent.
Mayor Boris Johnson said: “The demand for housing in the capital is reaching unprecedented levels making the potential for development on public land far too important to ignore.
“The London Development Panel will act as a one-stop shop for public land owners in the capital, making it quicker, easier and cheaper for them to bring their land forward for development, increasing the number of homes being built, creating jobs and boosting the capital’s economy.“
- London development panel
- Affinity Sutton Home
- Ardmore First Base Partnership
- BDW Trading
- Bellway Homes
- BouyguesLeadbitter Consortium
- Carillion-igloo and Genesis
- Catalyst Housing
- Countryside Properties (UK)
- Family Mosaic & Mulalley
- Galliford Try
- Hadley Mace Holdings
- Higgins Group
- KierLend Lease
- London & Quadrant Housing Trust
- Lovell Partnerships
- Notting Hill Housing
- Places for People Homes
- Redrow Homes
- Regenter
- Rydon Construction
- Taylor Wimpey UK
- Berkeley Group
- Telford Homes
- Wates Construction
