GLA Land and Property Limited
GLA Land and Property Limited (GLAP) is the Greater London Authority’s commercial subsidiary for property investment, development and asset management.
GLAP aims to deliver its portfolio of development on the Mayor’s land and joint venture interests, alongside entering into new opportunities to unlock development outcomes and new homes, through its investment and interventionist capabilities.
Aims
By working with our development partners, the GLA Group and our local authority partners, GLAP seeks to deliver the Mayor’s priorities for London, for the benefit of Londoners.
GLAP is using its land and property portfolio to:
- meet the Mayor’s objectives of building more and affordable homes
- create jobs supporting businesses
- make London a Net-Zero city by 2030, through activity such as disposals, acquisitions and asset management.
GLAP aims to deliver up to a total of 68,000 new homes on the Mayor’s land and joint venture interests, including homes delivered to date and looking ahead over the next 25 years.
Land development
GLAP was established in 2012 and inherited land, property assets and liabilities from the London Development Agency, the London Thames Gateway Development Corporation, and the London part of the former Homes and Communities Agency (now Homes England). In total, 635 hectares of land were transferred to the GLA.
Nearly all the developable land the GLA inherited has been developed; is in the course of being developed; or is subject to a disposal process.
Most of GLAP’s current land holdings are subject to a development agreement. The portfolio is mainly owned freehold, with some long-leasehold interests.
Given the scale of GLAP’s housing projects, most are mixed-use and provide a significant quantum of non-residential floorspace to support the development and surrounding communities; and to deliver liveable and vibrant places.
GLAP’s portfolio also includes a sizeable quantum of industrial land and commercial development, in addition to residential-led sites.
Property Asset Strategy
The property asset strategy gives details of the types of property and assets the Mayor owns and what are being done with these.
It indicates how these assets are used to achieve the Mayor’s objectives and the strategy for their development, disposal or retention.
GLA Land and Property Limited - Property Asset Strategy
Annual Report 2022-23
The GLA Land and Property Limited annual report gives a summary of the company’s achievements to date, as well as a focus on the past year and the year to come.
It brings to the fore the work that GLAP has done over the past year to achieve the Mayor’s objectives, including delivering 2,364 new homes, of which 1,141 are affordable homes.
The report:
- details current progress on key development sites and how the GLAP estate is managed
- looks ahead to key activities, including the progression of social value and sustainability objectives.
GLA Land and Property Limited Annual Report 2022-23
GLAP Steering Group
GLAP’s directors must be satisfied that GLAP’s business is properly governed through the broader GLA decision-making framework. GLAP business is considered at a monthly Steering Group meeting. Here you can view summary minutes of GLAP Steering Group meetings.
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