TFL may be able to help fill the gap. Reported in EGi from Estates Gazette today, TFL may use some of the land it is proposing to release for housing to provide a longer term investment vehicle in the Build to Rent market. Mind the gap or help fill it?
Transport for London is considering building and holding thousands of homes for the private rented sector as it works up disposal plans for its London property portfolio. Graeme Craig, commercial development director at TfL, said: “I am sure we will become a significant PRS player in the future. Given the quantum of sites we are talking about, particularly if you are thinking about zones 3/4/5, even some sites in zones 1 and 2, we are confident PRS is part of the mix.