Transport for London seeking a partner for its property developments

Transport for London (TfL) has started a search for a new joint venture partner to create a portfolio of three new commercial office developments at Bank, Paddington and Southwark.
Paddington development – (c) TfL / Grimshaw-Architects
TfL has traditionally tended towards leasing the sites above its stations to property developers who then buy the rights to build what they want, within the planning and structural constraints. TfL is now moving to a model where it retains a stake in the pro