Places for London

Places for London operates as the property company for Transport for London (TfL), having been rebranded in 2023 from its previous identity as TTL Properties Limited. The firm functions as a financially independent entity, with a core mission to unlock the potential of TfL's extensive landholdings across the capital. This involves improving existing properties and constructing new developments to address the evolving needs of London, with an overarching goal to contribute to a greener, more connected city. Profits generated by Places for London are reinvested into the transport network, supporting TfL's broader objectives.

The company manages a substantial portfolio, encompassing over 5,500 acres of land distributed across nearly every London borough. This makes TfL one of the largest landowners in London. Places for London leverages this significant land estate to create various types of spaces, including homes, workspaces, retail, and cultural facilities for Londoners. The firm aims to transform TfL from solely a major landowner into one of the most impactful property companies in the city.

In its residential development efforts, Places for London is actively building 4,400 new homes across London and has plans to deliver thousands more. The company has identified capacity on its land for 20,000 new homes, with an ambition to commence work on all of these by 2031. A key commitment is to ensure that approximately 50 percent of the homes across its developments are affordable. Current residential projects include the Kidbrooke Square development, in partnership with Notting Hill Genesis, which is set to deliver 619 new homes, with half designated as affordable. The firm is also involved in the Wembley Park Gardens project, constructing 454 homes, and the Arnos Grove development, which will provide 162 homes. Other notable residential schemes include Blackhorse View, where 350 new homes have been delivered, and the Limmo Peninsula, a five-hectare brownfield site in East London, slated for approximately 1,400 new homes.

Beyond residential properties, Places for London is a significant provider of commercial spaces. The company manages over 1,500 commercial properties throughout London, ranging from high street units and historic railway arches to spaces within major transport hubs. These properties support hundreds of businesses, with around 95 percent of the firm's retail and commercial estate occupied by small and medium-sized enterprises. The company is also developing 3,000,000 square feet of office space, designed to be sustainable, flexible, and well-connected. Projects in this sector include the refurbishment of 11 arches at Lockton Street and the reopening of the Victoria Station Arcade, which features restored Edwardian architecture and a refreshed retail offering.

Places for London engages in comprehensive urban regeneration projects and partnerships to create integrated communities. In collaboration with Ballymore, the company is re-imagining Edgware town centre, which will include 3,500 new homes, with 35 percent being affordable, alongside new spaces for businesses and communities. The firm is also refurbishing 12 railway arches at Kilburn Mews to establish a new mixed-use destination intended to serve the local community. The company's portfolio also lists "Student Accommodation" as a project category, indicating its involvement in this sector, though specific details on student accommodation developments are not extensively provided.

The company is committed to sustainability, aiming to accelerate London's transition to a greener capital. This involves expanding electric vehicle charging infrastructure and pioneering sustainable design innovations. Places for London has set a target to achieve Net Zero Carbon by 2030 across its operations and developments. The firm also works with other public sector organizations, such as the NHS, local boroughs, and charities, to integrate essential services closer to where people live and work, ensuring public land benefits its communities.