Balfour Beatty has been selected alongside other property development companies and consortiums to the development framework which will help the delivery of thousands of homes, offices and retail spaces across 300 acres of TfL land.
The company’s Its current Eastwick and Sweetwater housing development project for the London Legacy Development Corporation, also part of the GLA family, will deliver 1500 homes and supporting infrastructure including a new nursery, library and health centre and a range of shops, restaurants, offices, workshops and new public open spaces.
Laura Porter, Investment Director, Balfour Beatty Investments, said: “Following an extremely competitive procurement process, our appointment as a key partner to TfL demonstrates our credentials as a leading London developer.
“We look forward to working with TfL to bring forward the thousands of homes needed for London’s growing population and to supporting the Capital’s continued growth with the commercial space and jobs the developments will create.
“The London developer market remains strong and provides attractive opportunities for investment. The TfL property framework provides a fantastic opportunity to invest in the development of London in partnership with the public sector.”