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london land to be released

London land to be released by 2016


Some 525 hectares of land is to be 'exited' by the Greater London Authority (GLA) in the UK capital in order to encourage the development of housing, it has been reported.

The land was transferred to GLA under a devolution settlement. Mayor Boris Johnson is looking to free up land by 2016, which has a development value of £1 billion.

Speaking to Construction News, deputy mayor Richard Blakeway revealed that a minimum of £750 million of the housing measures announced in the chancellor's Budget would be going to the UK

See lots more at Sage Construction News.

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