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New London Development Procurement Process Announced by London Mayor

London Mayor Sadiq Khan is preparing to launch the new procurement process for the London Development Panel in an active campaign to increase the number of homes being delivered on publicly-owned land in the city.

The London Development Panel (LDP) will consist of around 30 of the capital’s most prominent contractors and developers and serve as a resource for London’s public sector landowners. The move is part of an effort to significantly increase the pace of property construction on public land over the next four years.

The panel’s special emphasis will be to seek and recruit Build-to-Rent specialists as well as building industry experts on multi-phase developments. The overall goal will be to make affordable homes more widely available.

Housing and Residential Development Deputy Mayor James Murray said that Mayor Khan had made it explicitly clear that substantially increasing the supply of homes that are genuinely affordable is a major priority and that speeding up the pace of development on public land would support these efforts.

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Mr Murray said that to help city officials achieve this goal, the London Development Panel would assemble a large group of the city’s experts in this area to identify and cultivate suitable locations across the capital.

He said that the housing crisis in London won’t be remedied overnight but the LDP and its group of experts will be an important resource in producing more of the affordable homes that residents need so urgently.

The London Development Panel will present new and flexible options for multi-phase developments and a range of actions for public landowners to earn money from the development of their land. Everyone will have access to the procurement process and bids are actively encouraged from companies and groups with a proven track record in building private-sale, purpose-built, and affordable private housing.

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