Places for London

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.

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

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core, minor and major.

• FastnedcoreStrategic or Co-development Partner · 12 June 2026Fastned 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 InfrastructureminorStrategic or Co-development Partner · 17 March 2026Morgan 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 TrustminorStrategic or Co-development Partner · 17 March 2026Partnership with Construction Youth Trust to inspire the next generation of construction professionals through careers events and engagement programmes.
• Grainger plccoreStrategic or Co-development Partner · 26 January 2026Places 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 APGcoreStrategic or Co-development PartnerDelancey 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 plccoreStrategic or Co-development PartnerHelical 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 GenesismajorStrategic or Co-development PartnerJoint 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.
• BallymoremajorStrategic or Co-development PartnerPartnership with Ballymore to re-imagine Edgware town centre, providing new community and business spaces plus 3,500 new homes (35% affordable).
• Barratt LondonmajorStrategic or Co-development PartnerWest 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 LandmajorStrategic or Co-development PartnerPartnership 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.
• MulalleyminorStrategic or Co-development PartnerDelivered Fenwick South, a 100% social rent housing development accommodating up to 149 residents across 46 homes in Lambeth.
• Kuropatwa LtdminorStrategic or Co-development PartnerPartnership with Kuropatwa Ltd for Beechwood Mews residential development, an award-winning project with 97 designated affordable housing units in Finchley.
• Property Partnership Framework PartnerscoreChannel Partner/ Reseller/ DistributorFramework 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

Direct 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

• LinkedInlinkedin.com/company/places-for-london
• Xx.com/placesforlondon

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Places for London