Sixteen companies have been shortlisted for a new development framework with Transport for London, worth up to £3.6bn.
Firms including Balfour Beatty, Capco, Great Portland Estates and Mace will now battle it out for a chance to be one of TfL’s new development partners.
The authority will carry out further evaluation before a number of the shortlisted groups are invited to submit final tenders.
The TfL Property Partnerships framework includes more than 50 sites with 10m sq ft of development potential.
The shortlist was selected by TfL after the first stage tender closed on 19 March.
Other members of the Greater London Authority group will also be able to use the framework for their own sites.
TfL director of commercial development Graeme Craig said: “We received a fantastic response from over 50 different companies wanting to form a property development partnership with us.
“We have evaluated the submissions and have narrowed our potential partners list down to 16.
“They will undergo further evaluation and a select number will be invited to submit final tenders.”
He added: “We look forward to working with the shortlisted companies and will continue our search for partners for future projects that will enable us generate £3.4bn in non-fares revenue over the next decade.
“We expect to appoint partners later this year.”
- Balfour Beatty
- Barratt Homes
- Berkeley Homes
- British Land
- Canary Wharf Contractors
- Development Securities/Notting Hill Housing
- Great Portland Estates
- Land Securities
- Mount Anvil/Hyde Group
- Taylor Wimpey