Grainger plc has been
selected by Transport for London (TfL)
as its preferred bidder for a strategic partnership to build over 3,000 new
homes across eight sites in London.
The homes, with a minimum
of 40% affordable and the remainder for private rental, will be built on TfL land adjacent to railway
and tube stations at Canning
Town, Ealing, Nine Elms,
Woolwich, Hounslow, Cockfosters, Arnos Grove and Kennington. Work has already
started on preparing planning applications for several sites.
Helen Gordon, Chief
Executive of Grainger, said: “We are delighted to be selected by TfL to work
with them to deliver over 3,000 homes for Londoners. Through this long-term
partnership we will provide much needed quality, purpose-built rental homes in
attractive locations with great transport connections across the city. Future
residents will benefit from Grainger’s experience and expertise, dedicated
onsite management, and commitment to delivering great rental homes.”
reaffirms Grainger’s position as a leading partner for development schemes
and further strengthens our existing presence in the capital.”
The deal is notable not only for the substantial housing capacity it will provide in highly accessible suburban London sites, and in the build to rent sector, but for the number of properties it will add to Grainger’s portfolio. Grainger plc is already the UK’s largest listed residential landlord with over 8,200 homes and will own 51% of the joint venture structure.