Peter Elliot, senior property development manager of TfL, gave an impromptu overview of Transport Trading Ltd Properties (TTLP) at the Uxbridge Social on Friday, May 6 2022.
TTLP has been set up with three main objectives:
- To pay a dividend to TfL to help reduce subsidies
- Develop housing in line with GLA objectives
- Make operational improvements such as electrifying bus depots
TTLP has raised £200 million of secured debt to fund commercially viable projects across 5,000 acres. The plan is to deliver 20,000 new homes across its pipeline.
Peter said that TTLP “Is not just fixated with housing, looking at office accommodation as well.” He mentioned the developments at Southwark, Bank and Paddington.
In the Q&A, Andy Lord, TfL COO, answered questions on step-free access, emphasising that working with partners can deliver significant enhancements to the infrastructure and meet their goals as well.
Andy Janson, md Jansons Property, asked, “Who is the ultimate arbiter on conflicting development priorities?”
Peter responded that it would be the Mayor of London and the TfL board from a governance perspective and the planning system nationally.
© London West (powered by ukpropertyforums.com).
Sign up to receive your free bi-weekly London West journal here