Transport for London is offering up a four-acre swathe of Greenwich for residential development.
Kidbrooke, a former RAF equipment store which has lain empty for the last eight years, is the first of “over a hundred” TfL sites that could come to market in the next few years under the watch of Mayor Khan. A further batch of brownfield sites is due to come to market in the Autumn.
The four-acre plot, which sites next to a national rail station and the Henley Cross bus station, has the potential to deliver 400 new homes (according to a scoping report that went in last year), 50% of which will need to be affordable according to a City Hall diktat. There’s also ample space for up to 5,000 square feet of retail and commercial space.
TfL, which announced 13 preferred property partners at the start of the year, is aiming to have a development partner identified early next year to form a joint venture to seek planning permission and develop the site that will be completed in 2020.
The plan is to get “traditional larger developers” involved in this initial project, while additional sites will be developed “in conjunction with small and medium size enterprises and Community Land Trusts”.
The Mayor of London, Sadiq Khan: “Londoners are being priced out of their own city and we need to be honest that we’re not going to turn things round overnight. Last year my predecessor built fewer affordable homes than in any year since records began 25 years ago – fixing this is going to take time.
“Getting homes built on public land can be hard,–but after being elected I set to work immediately to make sure we get building on more of the hundreds of sites owned by Transport for London, stretching right across the capital, that have been allowed to languish unused for far too long. This site in Kidbrooke will be the first of many we are fast-tracking to build genuinely affordable homes for Londoners.”
Graeme Craig, TfL Commercial Development Director: “Kidbrooke is the first of over a hundred sites that we are looking to develop to help us meet London’s critical need for housing. This is also one of a number of ways we’re generating substantial non-fare revenue to reinvest in modernising London’s network to make it better for everyone.”