Plans to build for more than 32,000 new homes on abandoned and unused land owned by the Greater London Authority (GLA) have been announced by Mayor of London Boris Johnson
Johnson has requested an audit of all the land owned by the GLA and its sister organisations, including Transport for London, the London Development Agency and the London Fire and Emergency Planning Authority, in order to earmark possible sites for the development.
A spokesperson from the mayor’s office explained the GLA would act as a shareholder in any new development on its land with all profits to be used to provide more affordable housing in the capital. They added that the GLA is also inviting institutional investors to offer proposals for using its land for housing.
Johnson said: ‘The GLA is sitting on hundreds of potential housing sites that could be used to build more than 32,000 new homes.’
‘We need innovative ideas that will reshape how we invest, build and deliver affordable homes in London and in return I’ll put my land where my mouth is and show London is leading the way on delivering affordable homes for 2011 and beyond.’