The three sites at Bank, Paddington and Southwark come with planning consent or resolution to grant planning consent and have the potential to target BREEAM Outstanding.
The three over-station developments in total are expected to provide more than 600,000 sq ft of development space.
Scott Anderson, Head of Property Development at TfL, said:“This new investment and development partnership will form part of our wider commercial development programme, which seeks to build the homes and commercial spaces the city needs, while also generating vital revenue that reduces TfL’s reliance on fares income.”
This partnership forms part of TfL’s wider commercial development programme, which – alongside new commercial office developments – will see thousands of high-quality new homes built on its land across the capital – delivering 50 per cent affordable housing on average across its entire portfolio.
TfL currently has more than 1,700 homes under construction with work forecast to start this financial year on 12 additional sites that will deliver a further 2,400 homes.
The agent for the opportunity is JLL. Interested developers can access documents on TfL’s ePortal.