Transport for London has shortlisted four developers for a station-led regeneration of Woolwich town centre.
Berkeley Homes, First Base, Cathedral Group and Oakmayne Properties Regeneration are the shortlisted parties to buy and redevelop three station development sites in Woolwich, which have been released as a result of the Docklands Light Railway extension.
The three sites total around 1.3 acres and will hold up to 300 residential units.
The disposal is the first by Transport for London’s new corporate finance property development team, which aims to deliver more development activity.
DTZ is advising, and Design for London is providing design guidance. A basic scheme for the sites has been drawn up by Glenn Howell Architects and Urban Initiatives, and consultation has started with the London Borough of Greenwich and the Woolwich Regeneration Agency.
Matthew Hudson, director of TfL’s corporate finance property development, said: ‘The aim has been to take a design led approach to the procurement process, ensuring that the end development has a positive effect on the regeneration of Woolwich Town Centre, and delivers a scheme of exceptional quality, in line with the Mayor’s agenda.’
TfL is aiming to appoint a developer at the end of June 2008.