LLDC looking to go into joint venture on the £675m Puddling Mill Lane site
The London Legacy Development Corporation is looking for a joint venture development partner to build 948 homes on Queen Elizabeth Olympic Park.
Forty five per cent of the homes on the £675m Pudding Mill Lane scheme, which is the last major development on the 2012 Game legacy site, will be affordable.
The development, which will be across 5.1 hectares, already has a resolution to grant outline planning consent. It will include flats, townhouses and maisonettes, and at least 51% will have two or more bedrooms.
Rosanna Lawes, executive director of development at the corporation, said the corporation was seeking the “very best partner” to build out “our final development site.”
She said: “We are not risk averse and we are keen to work alongside the market in a joint venture to promote this development at pace. We are seeking a partner who shares our vision to establish a new and exemplary local centre.”
Clive Pane, a partner at Deloitte, which is advising the LLDC on the procurement of a development partner, said: “Pudding Mill Lane offers the potential to deliver something really special – for both the community and businesses – as the final piece of the jigsaw at Queen Elizabeth Olympic Park”.
Parties interested in being the LLDC’s JV partner must completed and a selection questionnaire by 28 February. The LLDC expects to appoint a JV during the second quarter of next year.
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