Transport for London
Property partnership opportunities
Deloitte Real Estate is supporting Transport for London with its search for property partners.
Transport for London (TfL) has announced ambitious plans to develop TfL’s property estate by creating property development partnerships as part of its wider programme to generate £3.4bn in non fare revenue over the next ten years. The revenue generated will be reinvested in the transport network and help TfL and the Mayor bear down on fares.
TfL has a 5,700 acre property portfolio, making it the custodian of one of the largest and most important estates in London, including buildings and land surrounding tube stations, railways and highways. It has become one of the most iconic and valuable assets in London and much of its property portfolio is at the heart of the city. Previously TfL sold assets and properties it no longer needed, but over the past two years DRE has worked with TfL to adopt a more commercial approach to retain and invest in a number of sites to generate long-term revenue and the best outcomes for London.
On 6th February TfL launched a tender process to appoint a Framework of property development partners to take forward a range of sites over the next decade with a view to maximising the long-term development value of its estate.
TfL will be bringing forward up to 50 sites capable of delivering around 10 million square foot of development. TfL’s potential development sites are located across the capital with two-thirds situated in Zones 1 and 2. The sites have the potential to make a real contribution to the city and will help support the UK’s economy by providing homes as well as jobs and economic growth.
TfL are appointing development partners in accordance with European procurement regulations. Find out more and access the TfL e-Tendering portal where you can download a copy of the Pre-Qualification Questionnaire on the TfL property partnerships website.
If you have any questions, you can contact:
020 7303 3735
020 7303 3192
020 7303 4119