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Transport for London (TfL) have announced Triangle London Developments (TLD) as its preferred bidder for a joint venture to deliver a mixed-used development on its Landmark Court site on Southwark Street, south London.
Triangle London Developments is a consortium of U+I and Notting Hill Housing and is one of the partners on the TfL Property Partnership Framework.
Landmark Court is within walking distance of London Bridge station, Borough Market, the Tate Modern and the Globe Theatre. The partnership plans to transform the site from an under-utilised space to a local cultural and social hub where people will want to live, work and visit.
The site has the potential to deliver about 130,000 ft2 of new commercial, retail and workspace, boosting the growing social and commercial activity on Southwark Street. Approximately 80 new homes will be built, at least 35% of which will be affordable. It is one of the first five sites fast-tracked for development by the Mayor, which overall comprise 50% affordable housing.
Subject to contracts and agreements, the joint venture will consult with Londoners to develop a detailed design in order to seek planning permission and to start on site in 2019, aiming for completion by 2022.
Stace are providing Project Management and Cost Management services for this development and are delighted with the progress to date. More information to follow.