Transport for London’s (TfL) new property company could deliver 46,000 homes if it secures government funding, the mayor’s transport arm has said.

In an update to its finance committee, London’s publicly owned tube and bus operator set out more detail of its plans to deliver thousands of homes on its landholdings through a new ring-fenced commercial property company.

TfL outlined three models for delivering homes for the company, which will be funded through the issuing of share capital and the leveraging of assets to raise commercial debt.

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