City of London Corp to start major housebuilding project

26th June 2015

The City of London Corporation, which is landlord to 2,000 households, plans to increase its stock of housing by a third by constructing new homes on its existing estates. The City Corporation built most of its housing estates in areas such as Southwark, Tower Hamlets and Lambeth between the 1920s and the 1960s. It intends to extend those estates as well as looking at how to add housing to its other landholdings, which include Hampstead Heath and Epping Forest. The Corporation’s new homes will be for sale or rent at market rates, meaning they will not need any public subsidy.

Financial Times (26/06/2015)