Mayor of London launches new London Development Panel to accelerate homebuilding on public land.
The Mayor of London, Sadiq Khan, has announced his new London Development Panel (LDP), made up of developers, housing associations and contractors, who public bodies can work with to accelerate housing delivery on sites that they own. 29 organisations make up the panel which includes Bellway, Redrow, Barratt, Countryside and Hill.
The Mayor believes public land assets have a key role to play in addressing the housing crisis in London and he is urging public land owners to identify surplus sites and bring them forward for development.
James Murray, Deputy Mayor for Housing & Residential Development, said: “Public land has a vital role to play in tackling the housing crisis, and the new London Development Panel offers public land owners a quicker and more efficient way to bring their sites forward. We want to see it playing an important role in building the homes Londoners so desperately need.”
Through the LDP, TfL will soon bring forward three car park sites in the London Borough of Harrow (Canons Park, Rayners Lane & Stanmore), and will deliver 100 per cent affordable housing within these developments. City Hall has also purchased a large part of the site of St Ann’s Hospital in Haringey from the NHS. Plans for the site are being developed with the local council and local community, and this site is expected to be put through the LDP for residential development.
This new LDP replaces the first London Development Panel which expired in 2017. The panel will run for a period of four years, with the potential to extend by one year. Over its four-year lifespan it is anticipated that the LDP may be used to procure up to £20 billion of Development, measured in GDV.