The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

New Development Partner Needed for Limmo Peninsula in Newham

New Development Partner Needed for Limmo Peninsula in Newham
06 February 2024 | Updated 09 February 2024
 

Transport for London’s commercial property arm is looking for a joint venture development partner to redevelop five hectares of land in East London.

The Limmo Peninsula in Newham was previously used as a work site when the Elizabeth line was being constructed. It features five hectares of land, with 600m of river frontage within the Royal Docks and Beckton Riverside Opportunity Area. 

Transport for London’s (TfL) commercial property company, Places for London, has said that the site could be used to provide up to 1,500 new homes, commercial space and large areas of publicly accessible open space. TfL intends for the area to be car-free, with some blue badge parking spaces.

The details of the equity joint venture have not been confirmed, but Places for London are likely to take a smaller share with the partner becoming the majority stakeholder.

Ben Tate, Head of Property Development at Places for London, said: “We are excited to be searching for a joint venture partner to help us deliver a residential-led scheme at Limmo Peninsula in the heart of east London. With the ability to build up to 1,500 new homes, including affordable housing, alongside a range of other improvements, this is a unique opportunity for a partner to help us transform this site into a sustainable development that will benefit the local community.

“This partnership will form part of our wider programme, which seeks to build the homes and commercial spaces the city needs, while also generating vital revenue that can then be reinvested into the transport network.”

Potential joint venture development partners are advised to register as a supplier on TfL's e-tendering Portal https://service.ariba.com/Supplier.aw


Register on TfL e-tender Portal


Picture: a photograph showing the Limmo Peninsula from above. Image Credit: TfL

Article written by Ella Tansley | Published 06 February 2024

Share



Related Articles

Transport for London Appoints Barratt London to Deliver Bollo Lane Site

Barratt London has been selected as Transport for London’s joint venture partner to create a new scheme at Bollo Lane in Acton. Transport for London...

 Read Full Article
Transport for London Signs Deal With Helical for Over-Station Offices

Transport for London is to partner with Helical to create a new sustainable commercial office portfolio across central London. TTL Properties Ltd, the property arm of...

 Read Full Article
TfL Searches for Partner to Expand Commercial Real Estate Portfolio

Transport for London is searching for a new joint venture partner to create a portfolio of three new commercial office developments at Bank, Paddington and...

 Read Full Article
British Library Extension to Include Commercial Office Space

The British Library is to have an 800,000 sq ft extension to its King’s Cross site, with construction beginning in 2023. There will also be 100,000 sq ft of new...

 Read Full Article
The Elizabeth Line Wins RIBA London Building of the Year Award 2024

The Elizabeth Line has been named the winner of the RIBA London Building of the Year Award 2024.   Watch the...

 Read Full Article
Can Buildings be Ranked on Social Value?

A building certification that measures the social value of a building has been launched by Fitwel.   Watch the Video   >   Investors...

 Read Full Article
British Land and Royal London Form Joint Venture to Operate 1 Triton Square

British Land has sold 50 per cent of its stake in 1 Triton Square at Regents Place to Royal London Asset Management Property. The companies have formed a joint...

 Read Full Article
How Transport for London Will Deliver Biodiversity Net Gain Across Its Estate

Transport for London has revealed how it will deliver a net gain in biodiversity across its estate, as one of London’s largest landowners.   Watch the...

 Read Full Article
ABM Wins M&E Contract With Transport for London

Global FM business ABM has signed a contract with Transport for London to provide mechanical and electrical services across the London Underground network. ABM has...

 Read Full Article
Rishi Sunak Visits Blackstone’s New European HQ Groundbreaking Ceremony

Asset manager Blackstone has broken ground on its new London office, in a ceremony attended by Prime Minister Rishi Sunak. Located on the site of the former historic...

 Read Full Article