Local London says region has capacity to deliver more than 145,000 new homes

Nine east London boroughs have unveiled an investment prospectus in a bid to attract millions of pounds worth of market-ready development and regeneration opportunities for investors.
Local London, a sub-regional partnership of authorities north and south of the river representing around 2.7 million residents, launched the prospectus at its second Investment and Development Forum.
The group is made up of Barking and Dagenham, Bexley, Bromley, Enfield, Greenwich, Havering, Newham, Redbridge and Waltham Forest.
The prospectus included investable propositions valued from £30m to more than £960m, with the boroughs looking for investment from multinational corporates, private equity, infrastructure funds and public sector partnerships.
The area covered by Local London includes 40% of the capital’s brownfield land and 55% of its developable space.
Local London estimates that it has the capacity to deliver more than 145,000 new homes.
Anthony Okereke, chair of Local London Leader of Greenwich said “Our boroughs are already transformational success stories, and our future is even brighter.
“With capacity for more than 145,000 homes and two new towns, fast-growing job sectors and the fastest growing population in the capital, we are motivated to attract investment to help our communities thrive.
“The scale, diversity and pace of development possible here make our sub-region one of the most compelling investment opportunities anywhere for developers and investors of many types.
“This joint prospectus demonstrates the political will and market-ready opportunities that will deliver our ambition for sustainable, inclusive growth.”









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