Developers which will form the Mayor's new land procurement panel include Bellway Homes, Countryside Properties, Lend Lease, London & Quadrant, Redrow Homes and The Berkeley Group.
The panel has been set up by Johnson, with the support of London Councils, to speed up the release of publicly owned land to accelerate the delivery of housing in the capital. Johnson said he wants to make it faster, easier and cheaper for owners of public land to bring land forward for development.
The developers will enter into a framework agreement which will allow the land owners to award individual contracts without having to go through a full procurement process each time. This will save them time and money, Johnson said.
The panel will also seek to make developments more viable by offering the potential for developers to "build now and pay later" for some schemes. Johnson said that the panel was expected to procure up to £5 billion of housing-led mixed-use development on public land over its four year term.
“The demand for housing in the capital is reaching unprecedented levels making the potential for development on public land far too important to ignore," said Johnson in a statement.
"The London Development Panel will act as a one-stop shop for public land owners in the capital, making it quicker, easier and cheaper for them to bring their land forward for development, increasing the number of homes being built, creating jobs and boosting the capital’s economy,“ he said.
“London is in the grip of an acute housing crisis and we need to build new homes urgently," said London Councils' executive member for housing Sir Steve Bullock.
"This new London ‘one stop shop’ list of potential developers means that all of the public sector will have access to a select list of carefully vetted developers in order to support the building of new homes on land owned by the public sector. Investing in housing not only helps tackle the current shortage of affordable homes, but also creates jobs and stimulates growth,” he said.
The announcement of the panel follows the launch by Johnson of a public land database last month. The database sets out details of the Greater London Authority's property portfolio which includes 625 hectares of land.
