Transport for London has selected Triangle London Developments as its preferred bidder for a joint venture to deliver a mixed-used development on its Landmark Court site on Southwark Street, SE1.
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 site has the potential to deliver about 130,000 sq ft of new commercial and retail space.
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 mayor of London Sadiq Khan, which overall comprise 50% affordable housing.
Any proposals will seek to maximise outdoor public space, improve walking routes on Southwark Street, Redcross Way, Borough High Street and provide access to the walkway along the Low Line.
The Cross Bones Graveyard, a historic graveyard for prostitutes and paupers, adjoining the site, will be safeguarded, with a view to support a high-quality memorial garden.
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.
Graeme Craig, director of commercial development at TfL, 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.”
Richard Upton, deputy chief executive at U+I, said: “This is an important site for the neighbourhood and an important site for London, steeped in history and at the heart of our ever-changing city. There is huge opportunity to create something very special here that really adds to and complements the fabric of the neighbourhood.”
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