Barratt, the UK’s largest housebuilder, has beefed up its pipeline of work after being selected as Transport for London’s partner on a £365 million residential development by Bollo Lane in Acton.
TTL Properties (TTLP), the commercial property company owned by the capital’s transport authority, has appointed Barratt London as its joint venture partner on the site where up to 900 homes, of which half will be affordable housing, are planned. Nearly 200 flats will be for rent.
In addition the partnership could see the pair work on other West London land that TfL has.
The Bollo Lane development, drawn up by architects at HOK, is due to be done in phases with completion of the first part in 2026. Commercial space is also planned and the proposal opens up public space, with green areas, play spaces, and new footpaths.
Barratt London’s Gary Ennis said: “The site benefits from excellent transport links being close to three stations.”
The development is the latest in a string of real estate work being done by TfL which has had a tough three years with passenger numbers slumping during the pandemic.
Jonathan Cornelius, head of property development at TfL, said the latest partnership will “help generate vital additional revenue, which will be reinvested into the transport network and help fund a safe, green and reliable public transport network”.
He added: “We are excited to have appointed Barratt London as our partner to deliver our scheme by Bollo Lane in Acton, with the potential to bring forward other sites in west London in the future.”
TTLP currently has more than 3,750 homes under construction, including 350 it is doing with Barratt opposite Blackhorse Road station.
Under the latest partnership, TTLP and Barratt as a joint venture acquire long leasehold interests in sites from TfL which are developed, and profits are shared by the joint venture.
