Triangle London Developments, a joint venture between Notting Hill Housing (NHH) and regeneration and property developers U+I, has been named as the preferred bidder for the first site to be made available under Transport for London’s (TfL) Property Partnership Framework.
The four-acre site in Kidbrooke in south-east London is next to the National Rail station and Henley Cross bus stop, and will deliver at least 400 new homes, half of which will be affordable. NHH will also be creating commercial, retail and office space, possibly including a hotel, as well as an improved transport hub and a village square.
“This is a fantastic achievement for NHH,” says Director of Development John Hughes. “Our partnerships with both TfL and U+I are an important part of our commitment to provide more homes for Londoners who could not otherwise afford them, so it’s great to get this endorsement on the very first project under the framework.”
Graeme Craig, Commercial Development Director for TfL said: “Naming our preferred bidder is an important step forward in transforming this long-vacant site. We were delighted with the quality of design proposed by Triangle London Development, and are excited about working with them to create a thriving, vibrant place to live and work. This is the first of dozens of sites across London that we expect to bring forward in joint venture using our Property Partnerships Framework, and it is a great place to start.”
Work is due to start on site in 2018, with a target of having the first homes available to buy or rent by 2020.
Triangle London Developments were chosen to be part of TfL’s Property Partnership Framework in February 2016, and will be working for at least the next nine years to bid for many of the sites in the framework.