Labour’s Mayor of London, Sadiq Khan, is going to the MIPIM property conference at Cannes in the south of France to promote investment in affordable homes. 

Khan – in partnership with London Councils, the City of London Corporation, the Government and the private sector – is launching the ‘Opportunity London: London Investment Prospectus’ at MIPIM, detailing 20 live opportunities for investment.

This includes opportunities to build new housing and Build To Rent schemes as well as student accommodation, office buildings, logistics, urban sciences and leisure developments.  The Mayor will promote investment opportunities worth £10 billion at five of London’s major transport and freight hubs.

Opportunity London is described as “the capital investment partnership for London” bringing together every tier of government in London and is backed by industry to provide a single front door for investors.  

Khan says: “I’m attending the MIPIM property conference to bang the drum for London, seeking new investment for the capital to help us accelerate the delivery of affordable homes and unlock new infrastructure and jobs in our city.  I’m determined to do everything I can to build more of the affordable homes Londoners desperately need.

“I am also determined to play our part in delivering the UK Government’s number one mission: growth. We have recently launched our own ambitious growth plan for London and attracting new investment for major housing and transport projects will be vital to boosting productivity and improving living standards in London and across the country.

“My message to investors and developers at MIPIM is clear: now is the perfect time to invest in London and to help us deliver regeneration projects, new transport infrastructure and new affordable housing as we continue to build a better, fairer and more prosperous London for everyone.” 

Jace Tyrrell, chief executive at Opportunity London, adds: “London is a trillion-dollar economy and remains the capital investment magnet of the world. We have a supportive public sector at every level of Government and the next wave of major development opportunities across transport, energy and real estate, for the benefit of all Londoners.”

The Investment Prospectus details four development opportunities in London owned by Network Rail, the largest owner of brownfield land across the country.

This includes a major investment opportunity at Bow Goods Yard, the last parcel of land to be unlocked as part of the London 2012 Olympic and Paralympic Games legacy, with planning consent already in place for 3 million square feet of development, including logistics, warehousing/industrial, a leisure district and public realm alongside the opportunity for a data centre.

At London Liverpool Street, Britain’s busiest station, Network Rail, working with Transport for London, plans to ensure the transport hub is fit for London’s future demand, alongside creating a new landmark office and retail. Investment partners are also sought for future projects at Waterloo and Victoria.

In addition to the transport hubs, the Mayor will be seeking investment to deliver new homes and jobs on key sites owned by the Greater London Authority. 

his includes securing a development partner for a new mixed-use vision at Royal Albert Dock, a key part of the Mayor’s wider plans to deliver 36,000 new homes and 55,000 new jobs in the area; and a long-term development and investment partnership to unlock 9,000 homes and 11,000 jobs being overseen by the Old Oak and Park Royal Development Corporation (OPDC).

The Mayor also wants to work with private finance to enable the delivery of the capital’s next priority transport schemes; the DLR Extension to Thamesmead, the West London Orbital and the Bakerloo Line Extension.

The launch of the London Investment Prospectus follows the recent publication of the London Growth Plan.