Developers are invited to apply for membership of a new housing procurement panel which is being set up by the Greater London Authority (GLA) to accelerate the sale and development of its and other public sector land and property holdings in the capital.

The new London Development Panel will replace the current Homes and Communities Agency’s Delivery Partner Panel from 2013. It will be managed by the GLA with the support of Transport for London (TfL) which will act as the GLA’s procurement agent and help recruit developers to the new panel.

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Up to £5 billion of housing led mixed use development is expected to be procured through the London Development Panel, which will run for four years from 2013 which the GLA, London’s boroughs, government departments and other public land owners will all be able to use.

Between 20 and 28 firms are expected to be appointed with bids currently being sought from firms capable of delivering housing developments including the raising of finance, physical delivery of housing and associated community facilities, together with the sales and marketing of homes.

Interested developers need to complete and return a Pre-Qualification Questionnaire by the 11th May 2012 and Invitations to Tender will be issued in the Autumn with contracts awarded to successful bidders by 1st April 2013.

(CD/GK)