Plans to transform a key Elizabeth Line tunnelling site into a new neighbourhood with 1,500 homes have been revealed by the Mayor of London, Sadiq Khan. The Mayor has announced that Transport for London (TfL) is seeking a partner to develop its largest site of land – the Limmo Peninsula in East London. It is proposed that 600 of the homes (40 per cent) to be built on the 12.3 acre site will be genuinely affordable.
Since becoming Mayor, Sadiq has worked with TfL to release sites for development to fulfil a manifesto pledge to unlock public land to build genuinely affordable homes for Londoners. Across all sites brought forward since his election, 50 per cent of the homes will be affordable – with individual sites contributing between 35 and 100 per cent – enabling TfL to deliver housing while also generating hundreds of millions of pounds to reinvest in transport.
Sadiq has already brought forward sites including at Kidbrooke, delivering 400 homes of which half will be affordable, Landmark Court in Southwark, which has the potential to deliver a mixed-use scheme with 35 per cent affordable housing, and Fenwick South in Lambeth, which will provide 55 homes, 100 per cent of which will be social housing.
Sadiq Khan, said: “The Limmo Peninsula has the capacity to be transformed into a booming new East London neighbourhood. With Elizabeth Line works almost complete, I am pleased that Transport for London is now in a position to bring forward this site for development. It is part of my strategy to free up public land and to use it to build the homes that our great city so desperately needs.”
The new Mayor inherited a legacy of just 13 per cent affordable homes in planning permissions approved toward the end of the previous Mayoralty – this has increased across all planning applications in the first six months of last year to 38 per cent. He has secured from the Government investment in 90,000 new affordable homes, including those based on social rent levels. His new draft London Plan has ambitious targets to boost housing across the city.
Limmo Peninsula is located near Canning Town Tube station, which is served by the Jubilee line and DLR, and forms a key part of the Canning Town and Custom House regeneration area. The development will be residential-led, creating a new neighbourhood set in an attractive location next to the River Lea.
Sir Robin Wales Mayor of Newham, said: “This new development in Canning Town is exciting news for Newham and will contribute to the on-going transformation of the area. The site will deliver much-needed affordable homes, create jobs and improve infrastructure. London’s growth is clearly moving east and the imminent arrival of Crossrail is accelerating this, so the delivery of more affordable homes for our residents is imperative.”
Melanie Leech, Chief Executive, British Property Federation said: “In London, working with TfL and capitalising on sites such as this to add to housing supply is critical, particularly when the Mayor has an ambitious target of 65,000 new homes each year.”
More information on the project can be obtained by going on-line at: www.london.gov.uk