Transport for London (TfL) has announced Triangle London Developments, a joint venture between Notting Hill Housing (NHH) and regeneration and property developers U+I, as the preferred bidder for their Landmark Court site.
The south London site is within walking distance of London Bridge station and will deliver approximately 80 new homes, at least 35 per cent of which will be affordable. The site will also deliver new commercial, retail and workspace to boost the growing social and commercial activity on Southwark Street.
“It’s great to be announced as the preferred bidder for this site,” says Director of Development John Hughes. “We are committed to providing more homes for Londoners and our great partnerships with both TfL and U+I will help us to continue to do this.”
Graeme Craig, Director of Commercial Development at TfL said: “We are working with some of the best organisations across London to bring forward a portfolio of sites that will help to create the homes, jobs and work spaces London needs for the future. We look forward to establishing a long-term, joint venture partnership with Triangle London Developments to contribute to the Bankside neighbourhood, which has been known for centuries as a hotbed for London’s creativity and independent businesses. The development at Landmark Court will also provide vital revenue to invest in London’s transport network.”
Subject to contracts and agreements, work is due to start on the site in 2019 and will aim to be completed by 2022.
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. Landmark Court is the second TfL project for which Triangle have been selected. In March, the consortium was chosen as preferred bidder for the Kidbrooke development in south-east London, the first to become available under TfL’s Property Partnership Framework.