Race starts for £5bn London housing delivery panel

Aaron Morby 10 years ago
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The Greater London Authority  is seeking developers for a new procurement panel to deliver new housing in the capital.

The new London Development Panel replaces the current Homes and Communities Agency’s Delivery Partner Panel, as part of the process of handing housing delivery powers to the mayor.

It is hoped the new setup will speed up the sale and development of public sector land and property holdings in the capital.

Up to £5bn of housing led mixed-use development is expected to be procured through the London Development Panel, which will run for four years from 2013.

The GLA, London’s boroughs, government departments and other public land owners will all be able to use the panel.

It will be managed by the GLA with the support of Transport for London, which will act as the GLA’s procurement agent and help recruit developers to the new panel.

Uo to 28 firms will be appointed with bids currently being sought from firms capable of delivering housing developments including the raising of finance, physical delivery of housing and associated community facilities, together with the sales and marketing of homes.

Interested developers need to complete and return PQQs by the 11 May  and invitations to tender will be issued in the Autumn with contracts awarded to successful bidders by 1st April 2013.

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