
The Mayor of London, Sadiq Khan, together with local authority leaders and industry partners, will attend MIPIM in France today to seek investment to help build thousands of more affordable homes for Londoners and to unlock new infrastructure and jobs in the capital. The four-day property trade show kicks off tomorrow.
The investment opportunities are set out in a new Opportunity London, London Investment Prospectus, which details 20 live opportunities. This includes opportunities to build new housing and build-to-rent developments, which are desperately needed in London, as well as student accommodation, office buildings, logistics, urban sciences and leisure developments. The mayor will promote investment opportunities worth £10bn at five of London’s major transport and freight hubs.
Opportunity London is the capital investment partnership for London, bringing together every tier of government in London and is backed by industry to provide a single front door for investors. With investment volumes in London expected to pick up in 2025 as interest rates fall and market confidence improves, the Opportunity London prospectus comes at a pivotal moment to attract capital, accelerate the city’s growth and build more of the affordable homes Londoners need.
Khan, said: “London is not only the greatest city in the world but also the greatest city in the world to invest in.
“I’m attending the MIPIM property conference to bang the drum for London, seeking new investment for the capital to help us accelerate the delivery of affordable homes and unlock new infrastructure and jobs in our city.
“I’m determined to do everything I can to build more of the affordable homes Londoners desperately need.
“I am also determined to play our part in delivering the UK Government’s number one mission: growth. We have recently launched our own ambitious growth plan for London and attracting new investment for major housing and transport projects will be vital to boosting productivity and improving living standards in London and across the country.
“My message to investors and developers at MIPIM is clear: now is the perfect time to invest in London and to help us deliver regeneration projects, new transport infrastructure and new affordable housing as we continue to build a better, fairer and more prosperous London for everyone.”
Jace Tyrrell, chief executive at Opportunity London, commented: “London is a trillion-dollar economy and remains the capital investment magnet of the world. We have a supportive public sector at every level of Government and the next wave of major development opportunities across transport, energy and real estate, for the benefit of all Londoners.”
The Mayor, together with London Councils, The City of London Corporation, Borough Leaders and private sector partners, will be actively engaging with developers and investors to promote London and its investment opportunities.
In total, the Investment Prospectus details four development opportunities in London owned by Network Rail, the largest owner of brownfield land across the country.
This includes a major investment opportunity at Bow Goods Yard, the last parcel of land to be unlocked as part of the London 2012 Olympic and Paralympic Games legacy, with planning consent already in place for 3 million square feet of development, including logistics, warehousing/industrial, a leisure district and public realm alongside the opportunity for a data centre.
At London Liverpool Street, Britain’s busiest station, Network Rail, working with Transport for London, plans to ensure the transport hub is fit for London’s future demand, alongside creating a new landmark office and retail. Investment partners are also sought for future projects at Waterloo and Victoria.
Laura Citron, CEO of London and Partners, added: “Opportunity London is already unlocking millions in investment and we’re just getting started. The latest ‘London Investment Prospectus’ is bringing some of the city’s most exciting developments to the market, including some very large projects, each multiple billions in development value. Backed by real momentum from the London Growth Plan, we’re ready to make some noise at MIPIM!”
The Opportunity London London Investment Prospectus is available at opportunity.london and details 20 projects where investment partners are sought, totalling £22bn of investment.
London Liverpool Street– delivering a sustainable and well-connected landmark office building, combined with a transformed retail and leisure destination, will secure the future of one of the world’s great stations. The redevelopment will increase the size of the mainline station concourse and ticket hall and deliver step-free access to the station and the underground.
Bow Goods Yard– Bow Goods Yard is the last parcel of land to be unlocked as part of London’s 2012 Olympic and Paralympic legacy. Protected for industrial use and neighbouring landmark stadiums, it defines the ambition for Network Rail Property’s growing logistics portfolio.
London Victoria– The opportunity for London Victoria, one of central London’s main termini, is to create a new workplace, retail and leisure destination whilst simultaneously contributing to Westminster and London’s economic success. In partnership with Places for London, a multi-modal approach to comprehensive regeneration could deliver a sustainable and accessible transport hub capable of supporting future demand.
London Waterloo– The London Waterloo Station vision sets out an aspiration for transforming the station and its surrounding area through providing a new workspace, retail, leisure and culture offer to deliver the widest employment opportunities for a revived South Bank neighbourhood.
Euston over-site development– Euston is the largest regeneration project in central London, offering a diverse range of opportunities across life science & innovation, AI, technology, culture and residential development.
Old Oak & Park Royal– Old Oak and Park Royal Development Corporation (OPDC) is seeking a long-term development and investment partnership to support the regeneration of Old Oak, delivering 9,000 homes and 11,000 jobs. A separate investment opportunity is also available with Imperial at One Portal Wat at Old Oak.
Broadway Connection– British Land is seeking major commercial and/or education occupiers requiring over 100,000 sq ft of pre-let space, with flexible designs that can be adapted to reflect specific occupier needs.
Bunhill Heat Network– The London Borough of Islington is exploring a range of partnership arrangements to fund the expansion of their existing Bunhill Heat Network.
Camden Film Quarter– Yoo Capital’s Transformation of a 70-year-old industrial estate in Central London into the world’s first dedicated film and television quarter in the middle of a major international gateway city.
Royal Albert Dock (RAD) Education Campus– DPK is seeking equity investment / a joint-venture partner to support the creation of a unique university campus in East London, comprising c.1,100 student beds and c.120,000 sq ft of teaching space.
Walthamstow Central Interchange Regeneration– The London Borough of Waltham Forest is seeking private sector investment and development partners to deliver new infrastructure that will support stronger transport connectivity and unlock new commercial (c.43,000 sq ft), residential led mixed-use (c.1,500 new homes) and public spaces.
Brent Cross Town– Related Argent in partnership with Barnet Council have multiple investment opportunities through the 15+ year delivery lifecycle of this new £8bn 180-acre park town, one of Europe’s largest regeneration projects.
Thamesmead and Beckton Riverside– Transport for London is seeking to explore investment opportunities to unlock the DLR extension from Gallions Reach to Thamesmead via Beckton Riverside. The extension would unlock Thamesmead Waterfront, led by Peabody and Lendlease, with the potential to deliver up to 15,000 homes, thousands of jobs, a rejuvenated and expanded town centre and exceptional open spaces. It would also unlock St William’s Beckton Riverside Phase 2 for 6,000 homes.
Barking Riverside– One of Europe’s largest and most exciting residential developments, providing thousands of new homes on 443 acres on the banks of the River Thames.
Thames Road Factory District– Joint venture partnerships across standalone sites or across a package of sites, to deliver the second phase of Thames Road Factory District, a new destination for East London at the gateway to Barking Riverside.
Earls Court– Earls Court is a unique opportunity to rethink a high value site of considerable scale. As Central London’s largest development opportunity, the project will deliver c.4,000 homes, 2.9m square feet of workspace, three anchor cultural venues and 12,000 jobs.
Lambeth, New Homes 6– The London Borough of Lambeth is seeking to secure a development partner to bring forward six development sites across the borough, with the potential to deliver approximately 450 new homes.
Meridian Water– Enfield Council is seeking development partners for a variety of upcoming residential, logistics/industrial and mixed-use opportunities to deliver high quality transformational regeneration.
Royal Albert Dock & Millenium Mills – The GLA is seeking an innovative development partner to deliver a major transformational new mixed-use place at Royal Albert Dock. In addition, The Silvertown Partnership (Lendlease and Starwood Capital) is seeking a capital investment partner at Millenium Mills, a 60-acre site located in London’s only Enterprise Zone which can deliver up to 6,500 homes and 10,000 jobs.
West London Orbital and Bakerloo Line Extension– London is seeking opportunities to partner with private finance to enable the delivery of the next wave of priority transport schemes. The West London Orbital would upgrade under-utilised freight lines to provide passenger services across west and northwest London. Extending the Bakerloo Line from Elephant & Castle to Lewisham, with scope for a potential further extension to Hayes and Beckenham Junction would unlock 20,000 new homes in Old Kent Road, Lewisham, Catford and New Cross whilst significantly increasing access to jobs and services in central London, helping to generate £1.5bn a year in GVA.
Why anyone would listen to word this man says, is beyond me!
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register