The Homes and Communities Agency has taken control of the London Park Hotel and has started the search for a delivery partner to take the high-rise housing project forward in a bid competition outside of its existing panel of firms.

The agency has planning for the high rise development of the Newington Butts site.

Documents published this week by the London Assembly show that the site is earmarked as a key site to form part of the London private rented sector initiative.

This is intended to pave the way for investors like pension funds to enter the private rented sector on a large scale for the first time.

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