Two of the largest landowners in the Greater London Authority (GLA) Group are Transport for London (TfL) and the Metropolitan Police Service (MPS).
- TfL is using its land and property to raise revenue. It is expanding its retail and commercial property team and focusing on property development to help it deal with financial pressure.
- The Met is rationalising its property portfolio, and selling land and property that is surplus to its operational needs. The receipts from its sale of land and property will be used for capital investment.
Is this the best use of public sector land? How does the GLA Group balance its financial needs with the strategic priorities of the Mayor, for instance on affordable housing?
The London Assembly Budget and Performance Committee [1] will tomorrow put questions to the Metropolitan Police Service (MPS), the Mayor’s Office for Policing and Crime (MOPAC), Transport for London (TfL) and the Greater London Authority (GLA), to discuss the use of surplus land and property across the GLA Group.
The following guests will attend:
- James Murray, Deputy Mayor for Housing and Residential Development
- Simon Powell, Assistant Director of Strategic Projects and Property, GLA
- Matthew Punshon, Interim Head of Asset Leverage, MPS
- Rebecca Lawrence, Chief Executive, MOPAC
- Graeme Craig, Director of Commercial Development, TfL
The meeting will take place on Tuesday 7 March from 10.00am in Committee Room 5 at City Hall (The Queen’s Walk, London SE1).
Media and members of the public are invited to attend.
The meeting can also be viewed via webcast and YouTube
Follow us @LondonAssembly and take part in the meeting discussion using #AssemblyBudget #LandUse