X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Mayor Ken Livingstone’s draft London Plan has received broad support from London planners and brokers. Under the proposal 23,000 new homes and up to seven million sf of new office space will be required every year to accommodate an expected influx of 700,000 new Londoners over the next 15 years.

Judith Salomon, Director of Property and Planning for the regeneration agency London First, said: “We welcome the commitment to maintain and enhance London’s status as a global city. Creating the conditions for London’s growth sectors to succeed is essential to generating the jobs needed to match its increasing population.”

However she warned: “Investment in new and existing transport infrastructure is critical to delivering growth and increased density of development, especially in the Thames Gateway, which will be identified as the major opportunity area. In effect this means building Crossrail, which requires Government commitment and funding, and the three new Thames Gateway river crossings which are essential for regeneration.”

And she echoed private housebuilders’ concerns that under the new plan 50% of all new homes must be ‘affordable’. “A requirement for 50% housing to be affordable will simply add to the cost of new housing development and so reduce total supply,” she said.

And Nick de Lotbiniere, Planning Partner at GVA Grimley, agreed: “Whilst based on good intentions, raising the target for affordable housing to 50% on all housing schemes–large and small–could have a devastating effect on house building in London.”

But the Corporation of London, which has the potential to be a thorn in Livingstone’s side with its semi-autonomous powers in the City of London, expressed support. A spokesman said: “Every major city needs an overall co-ordinated strategy, and London has been without one for many years now. The fact we are one step closer to a new strategy is warmly welcomed.”

And GVA Grimley Planning Partner Mary Power warned that Livingstone’s good intentions may not be deliverable. “The plan directs high density development towards public transport nodes, encourages the re-use of brownfield sites and seeks the protection of the green belt and open space. These principles should be encouraged but, again, implementation is likely to be held up by the overlay of conservation and other amenity area designations,” she said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.