Lovell has been appointed to the London Development Panel, the new procurement panel set up by The Mayor of London Boris Johnson to accelerate the delivery of new homes in the capital.

Set up with the support of London councils, the Panel will enable public landowners, including London boroughs and government bodies, to award individual contracts without having to go through a full and expensive procurement process.

-- Advertisement --

The Panel is expected to procure up to £5 billion of housing-led mixed use development on public land over its four-year term.

As a result of the transfer of assets under the Localism Act 2011, the Greater London Authority (GLA) is one of the largest owners of public land in London. The Mayor wants to speed up its release to get more homes built and stimulate the economy.

Lovell Regional Director Peter Taylor said: "Following a rigorous selection process, I'm delighted that Lovell has been chosen as a member of the London Development Panel. We look forward to working with the GLA and other public land owners using our expertise to bring forward development."

(CD)