Places for London
Places for London is Transport for London's wholly-owned property company, developing and managing 5,500+ acres of commercial, residential, workspace, and EV charging assets across London through joint ventures with developers and operators.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Places for London does
Places for London is the wholly-owned property company of Transport for London (TfL), set up to develop and monetise TfL's 5,500+ acre estate of stations, railway arches, and high street locations across London. The company operates three core property verticals — commercial lettings (retail units, kiosks, and railway arches to 1,500+ businesses), residential development (currently 4,400+ homes on-site with a 20,000-home target delivered through joint ventures with Grainger, Ballymore, Barratt, Notting Hill Genesis, Helical, Mulalley, and Kuropatwa), and workspace development (3,000,000 sq ft pipeline target). Beyond traditional property, the company has extended into EV charging infrastructure via a partnership with Fastned targeting 25 ultra-rapid 400kW hubs across London by 2030, and into skills/training through the Skills Academy (10,000+ learners).
The business model is asset-heavy and partnership-led: revenue is generated through commercial rent rolls on station-adjacent units (rents ranging from £6,900 p.a. for small market stalls to £200,000+ p.a. for prime central London locations, mostly structured as base rent or turnover rent, whichever is higher, with annual RPI+1% reviews), share-of-profit and asset-sale returns from JV developments, and rent plus transaction-fee share on the EV charging hubs. Distribution combines a direct online lettings portal with third-party commercial agents (Cushman & Wakefield, Bruce Gillingham Pollard, William Alden) and a structured Property Partnership Framework for larger developments. The largest single deal in the disclosed record is the £10bn Earls Court Development Company JV (with Delancey and APG), supported by debt facilities such as the £220m PIMCO Prime Real Estate loan for the Paddington Over Station Development.
The company has no proprietary technology products and does not disclose revenue. Its competitive position rests on unique regulatory access to public-transport-adjacent land and an institutional JV ecosystem, rather than on technology differentiation. Customer base spans enterprise (Tesco at Blackhorse View), mid-market residential (first-time buyers), and a long tail of 1,500+ SMB tenants across the estate. Headcount of 101–250 is concentrated at the Victoria Station House headquarters, with capital deployment of >£300m disclosed across recent JV and debt transactions in 2026 alone.
Places for London firmographics
Firmographics- Name
- Places for London
- Legal name
- Places for London
- Website
- https://placesforlondon.co.uk
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Places for London is Transport for London's wholly-owned property company, developing and managing 5,500+ acres of commercial, residential, workspace, and EV charging assets across London through joint ventures with developers and operators.
- Ownership category
- akta.pro rank
Where Places for London is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Places for London business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Others
Revenue model
- Commercial Property Lettings: Places for London generates revenue primarily through commercial property lettings, including retail units, railway arches, and workspace at TfL stations and high street locations across London. Revenue is generated through base rents or turnover-based arrangements with tenants.
- Residential Development and Build-to-Rent: Through joint ventures with developers like Grainger (Connected Living London) and others, Places for London participates in residential development projects that generate returns through home sales and rental income. The company also builds affordable and market-rent homes as part of its housing mandate.
- EV Charging Infrastructure: Partnership with Fastned to develop ultra-rapid EV charging hubs across London. Places for London receives rent payments and a share of charging revenues from the EV charging infrastructure deployed on TfL land.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Annual | Small retail kiosks and market stalls |
| Unit Pricing | Annual | Standard retail units in stations |
| Unit Pricing | Annual | Large commercial and prime central London |
| Subscription | Monthly | Residential properties |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Places for London product offering
Product offeringCore offering
Places for London is Transport for London's (TfL) dedicated property company, responsible for developing, letting, and managing commercial and residential real estate across TfL's 5,500+ acre estate in London. Its core offering includes commercial property to let (retail units, kiosks, railway arches, and station spaces), residential homes (including build-to-rent and affordable housing), flexible workspaces, and ultra-rapid EV charging hubs delivered in partnership with Fastned.
Product overview
Places for London is TfL's property company managing a diverse portfolio of commercial and residential properties across London. The core offerings include commercial property to let (retail shops, railway arches, and station spaces), residential homes development, and workspaces. Supporting services include EV charging infrastructure through the Fastned partnership and the Skills Academy training programme. The company operates through strategic partnerships including Connected Living London (with Grainger) for build-to-rent and the Earls Court Development Company for major regeneration projects. The portfolio spans 5,500+ acres across almost every London borough.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Property to Let Retail, business, and leisure spaces available for rent across TfL stations, railway arches, and high street locations throughout London. Includes kiosks, retail units, and commercial spaces of various sizes, with rent structured as minimum base rent or percentage of turnover, whichever is higher. Targeted at independent retailers, cafes, restaurants, and grab-and-go F&B operators seeking high-footfall locations.
- Railway Arches Refurbished railway arch spaces available for commercial use across London. Particularly suitable for creative studios, gyms, food concepts, light industrial uses, and businesses needing open floor plans or higher ceilings.
- Homes Residential development programme building new homes across London, with focus on sustainable, affordable housing. Currently on-site building 4,400 new homes with plans for thousands more, including market rent, discounted market rent, and affordable housing units.
- Workspaces Flexible and connected office space delivered across the capital, with plans to deliver 3,000,000 sq ft of sustainable workspace. Targeted at commercial office and workspace occupiers seeking well-connected, sustainable locations.
- EV Charging Infrastructure Ultra-rapid electric vehicle charging hubs developed in partnership with Fastned, offering 400kW charging capable of delivering approximately 100 miles of range in five minutes. Open 24/7 and powered by renewable energy. Targeted at EV drivers needing rapid charging facilities near key transport routes.
- Skills Academy Skills and education programmes including Skills for Construction, Future Talent, and Skills for Business, designed to support the property industry workforce and inspire the next generation of city-builders. Includes the Construction Skills Academy with multilingual site-worker training delivered with partners such as Morgan Sindall Infrastructure.
- Connected Living London (Build-to-Rent) Build-to-rent homes delivered through the Connected Living London joint venture with Grainger plc. Offers high-quality rental homes across multiple London sites, including discounted market rent and affordable units, targeted at Londoners seeking quality rental accommodation.
Quantifiable outcome
- Supporting 1,500+ businesses across the estate
- +5 more outcomes
Companies that use Places for London
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Places for London technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Places for London partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, minor and major.
- FastnedcoreFastned partnered with Places for London to develop up to 25 ultra-rapid EV charging hubs across London by 2030, with initial investment of £16 million for five sites. First hub opened at Hatton Cross near Heathrow with 12 charging bays at 400kW. Fastned plans to invest at least £30 million in the initiative. The partnership supports the Mayor's target of 40,000 EV charge points by 2030.
- Morgan Sindall InfrastructureminorMorgan Sindall Infrastructure is one of nine organizations partnered with Places for London on the Supply Chain Sustainability School's mobile learning app for site workers, addressing training barriers with multilingual content in six languages.
- Construction Youth TrustminorPartnership with Construction Youth Trust to inspire the next generation of construction professionals through careers events and engagement programmes.
- Grainger plccorePlaces for London and Grainger operate Connected Living London joint venture for Build-to-Rent developments across London, with 40% affordable housing on initial seven sites. Joint venture acquired 195-home development at Chiswick Reach for £68.4 million, also developing Southall Sidings (460 homes), Nine Elms (510 homes), and Montford Place (139 homes).
- Delancey (on behalf of client funds) and APGcoreDelancey and APG (Dutch pension fund manager) form the Earls Court Partnership Limited with Places for London, driving the £10 billion Earls Court redevelopment through the Earls Court Development Company. The partnership aims to deliver 4,000 new homes (35% affordable), 2.5m sq ft workspace, and 20 acres of public realm.
- Helical plccoreHelical and Places for London have multiple joint ventures including Southwark development (forward sale to State Street Corporation, affordable housing to Southwark Borough Council) and Paddington Over Station Development (£220m loan from PIMCO). Helical provides development expertise for TfL station developments.
- Notting Hill GenesismajorJoint venture partner for Kidbrooke Square development delivering 619 new homes with 50% affordable housing. Partnership combines Places for London's land with Notting Hill Genesis's housing expertise.
- BallymoremajorPartnership with Ballymore to re-imagine Edgware town centre, providing new community and business spaces plus 3,500 new homes (35% affordable).
- Barratt LondonmajorWest London Partnership with Barratt London delivered Blackhorse View (350 homes, 50% affordable, award-winning). Also partnering on High Barnet development (283 homes) and other sites.
- Native LandmajorPartnership with TfL and Native Land to renovate the Grade 2 listed South Kensington station, providing step-free Tube access while delivering new homes, shops, and workspace.
- MulalleyminorDelivered Fenwick South, a 100% social rent housing development accommodating up to 149 residents across 46 homes in Lambeth.
- Kuropatwa LtdminorPartnership with Kuropatwa Ltd for Beechwood Mews residential development, an award-winning project with 97 designated affordable housing units in Finchley.
- Property Partnership Framework PartnerscoreFramework of major property developers including Balfour Beatty, Barratt, Berkeley Group, British Land, Canary Wharf Group, Capco, Notting Hill Genesis, Landsec, Mace, Mount Anvil, Redrow, Mitsui Fudosan, Taylor Wimpey, and Helical, enabling efficient joint venture procurement.
Scale indicators12 records
Recent moves6 records
Expansion highlights7 records
Places for London competitors and assessment
Company assessmentDirect peers
- Helical plc: London-focused office developer with multiple joint ventures with Places for London (Southwark, Paddington). Direct comparable in station-over-development and central London commercial property delivery.
- Grainger plc: UK's largest listed residential landlord and build-to-rent specialist. Direct peer via Connected Living London JV with Places for London, operating the same BTR model and customer base across London.
- Barratt London: London arm of Barratt Developments delivering the award-winning Blackhorse View partnership scheme with Places for London. Comparable in London residential development and JV-led public-private partnership delivery.
- Notting Hill Genesis: Major UK housing association partnering with Places for London on Kidbrooke Square (619 homes). Comparable in delivering affordable housing at scale through JV structures with public-sector landowners.
- Canary Wharf Group: Major London mixed-use developer focused on Canary Wharf estate. Direct comparable in delivering large-scale mixed-use regeneration in London, also a Property Partnership Framework partner.
- Delancey: London-focused real estate investment and development firm co-leading the £10bn Earls Court Development Company with Places for London. Direct comparable in large-scale London mixed-use regeneration.
- Ballymore Group: London-focused residential and mixed-use developer partnering with Places for London on Edgware Town Centre (3,500 homes). Comparable in London large-scale regeneration and town centre repositioning.
Broad incumbents
- Landsec: Major London-centric REIT with substantial commercial property portfolio including retail, office, and mixed-use developments. Comparable to Places for London in scale of London prime real estate ownership and development, though private-sector focused without the transport-adjacent angle.
- British Land: UK REIT with significant London office and retail portfolio, focused on campus-style mixed-use developments. Comparable in commercial property development scale and London focus, and is also a Places for London Property Partnership Framework partner.
- Berkeley Group: Major UK housebuilder with significant London residential pipeline. Comparable in London residential development at scale and is a Property Partnership Framework partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Places for London social profiles
Digital presencePlaces for London financial estimates
Financial estimateRevenue estimate
Valuation estimate
Places for London leadership team
Management profileNumber of profiles
Profiles1 record
Places for London funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Places for London M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Places for London
What does Places for London do?
Places for London is Transport for London's (TfL) dedicated property company, responsible for developing, letting, and managing commercial and residential real estate across TfL's 5,500+ acre estate in London. Its core offering includes commercial property to let (retail units, kiosks, railway arches, and station spaces), residential homes (including build-to-rent and affordable housing), flexible workspaces, and ultra-rapid EV charging hubs delivered in partnership with Fastned.
Is Places for London a public or private company?
Places for London is a private company. It is classified as state government owned and is currently operating.
When was Places for London founded?
Places for London was founded in 2023. It employs 101 to 250 people.
Where is Places for London based?
Places for London is headquartered in London, United Kingdom, in the Europe region.
How does Places for London make money?
Three revenue lines are on record. Commercial Property Lettings are the primary driver. The others are residential Development and Build-to-Rent and EV Charging Infrastructure.
Who are Places for London's main competitors?
Direct peers on record are Helical plc, Grainger plc, Barratt London, Notting Hill Genesis, Canary Wharf Group, Delancey and Ballymore Group. Broad incumbents are Landsec, British Land and Berkeley Group.
Does Places for London have an API?
No public API is recorded for Places for London.