TfL names preferred bidder to develop Landmark Court site in London
July 13, 2017 – Transport for London (TfL) has selected 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.
The partnership plans to transform the Landmark Court site, which is located near London Bridge station, Borough Market, the Tate Modern and the Globe Theatre, into a local cultural and social hub.
TfL said that the site has the potential to deliver about 130,000 sq ft of new commercial, retail and workspace. About 80 new homes will be constructed, at least 35% of which will be affordable.
Subject to contracts and agreements, the joint venture will consult with citizens to develop a detailed design in order to seek planning permission and to start on site in 2019, aiming for completion by 2022.
TfL director of commercial development Graeme Craig said: “We are working with some of the best organisations across London to bring forward a portfolio of sites that will help to create the homes, jobs and work spaces London needs for the future.
“We look forward to establishing a long-term, joint venture partnership with Triangle London Developments to contribute to the Bankside neighbourhood, which has been known for centuries as a hotbed for London’s creativity and independent businesses.
“The development at Landmark Court will also provide vital revenue to invest in London’s transport network.”