Places for London has launched a search for a joint venture development partner for a residential development site at the Limmo Peninsula in Newham, East London.
Transport for London’s (TfL) wholly owned commercial property company said that the five-hectare site, which was previously used as a work site for the Elizabeth Line, had the potential to accommodate up to 1,500 new homes.
The site could also include commercial space, large areas of publicly accessible open space and features that would enhance the connectivity of the area, such as a new cycle and pedestrian bridge and a new river walkway.
In addition to the Limmo Peninsula site, the joint venture partnership has the opportunity to develop other sites across East London.
Ben Tate, head of property development at Places for London, said: “We are excited to be searching for a joint venture partner to help us deliver a residential-led scheme at Limmo Peninsula in the heart of east London. With the ability to build up to 1,500 new homes, including affordable housing, alongside a range of other improvements, this is a unique opportunity for a partner to help us transform this site into a sustainable development that will benefit the local community.
“This partnership will form part of our wider programme, which seeks to build the homes and commercial spaces the city needs, while also generating vital revenue that can then be reinvested into the transport network.”
The contract notice can be accessed here and interested organisations are advised to register as a supplier on TfL’s e-tendering portal.
