Peabody consortium selected as Transport for London property partner
A development framework of 13 organisations will help in the delivery of thousands of homes, offices and retail spaces.
Transport for London (TfL) has approved the appointment of 13 major property development companies and consortiums to a development framework. A Peabody Consortium, which includes Mace Limited and DV4 Limited, is one of the 13.Find out more information here
The selection was made following a competitive procurement process that saw over 50 companies register an interest in becoming a property partner with TfL. These companies and consortiums will now be placed on TfL's Property Partnership Framework and will be able to bid for work on some of the most iconic locations across the Capital.
Working more efficiently
This framework will enable TfL to work in joint ventures with some of the best developers in the market more efficiently than procuring a joint venture development partner on a site-by-site basis. The wider GLA family will also be able to use the framework to bring forward developments on their sites.
Graeme Craig, Director of Commercial Development at TfL, said: "This framework marks a major step forward in allowing us to work with leading private sector developers and housing associations on an important part of our portfolio."
The 13 organisations
- Mace Limited / Peabody Trust / DV4 Limited (Consortium)
- Balfour Beatty PLC
- Barratt Development PLC / London and Quadrant Housing Association (Consortium)
- Berkeley Group PLC
- The British Land Company PLC
- Canary Wharf Group PLC
- Capital and Counties PLC
- U+I / Notting Hill Housing Group (Consortium)
- Land Securities Group PLC
- Mount Anvil Group Limited / Hyde Housing Association Limited
- Redrow Homes Ltd
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