TfL's property arm has added £1bn to London since 2023

Places for London, the property company owned by Transport for London (TfL), says it has added more than £1 billion of value to the capital since it was set up in 2023, and £447 million of that in the 2025/26 financial year alone. The figures come from the latest edition of its “Our Contribution” report, published on Friday 13 November.

The company runs TfL’s estate across London, from shop units around Tube stations to the sites it is turning into homes with building partners. Closest to Crouch End, its earlier report picked out the new Seven Sisters Market in Tottenham, a few steps from Seven Sisters Underground station.

What the report says

The £447 million covers 1 April 2025 to 31 March 2026, TfL said. The company puts the main pieces at:

• About £389 million of economic contribution through investment, jobs, wages and taxes, with around 12,000 jobs supported across its estate.
• More than 2,000 homes delivered in the three years since it was formed, 58 per cent of them affordable across its portfolio, and more than 4,900 homes started on site.
• An estimated £8 million a year in what it calls societal benefits from the homes it and its partners have built: better health from more stable housing, better chances in education, and cost-of-living savings for residents.
• More than 12,000 Londoners trained at its construction skills academy since 2019. Those who found work through the training in 2025/26 are projected to gain £66 million in lifetime earnings between them.

On the environment, the company says its new developments average 31 per cent less embodied carbon than the industry benchmark for housing, and that schemes finished in 2025/26 include more than 2,300 square metres of sustainable drainage. Two of its schemes, the Bollo Lane phase two homes and the office development at 10 King William Street, were used as pilots for the UK Net Zero Carbon Building Standard launched this year.

Haringey and small businesses

The Seven Sisters Market is the Haringey project the company has picked out. Its 2024 Our Contribution report describes it as a home for traders affected when the original market closed, with affordable units for 40 small, local businesses and a Latin American flavour. One of the traders, Lisbel, a hairdresser, told the report: “The re-opening of the Seven Sisters market has been a great success for my business. The market is giving me the opportunity of showcasing a hairdressing style that is unique to Latin America and I am getting new customers from many diverse backgrounds.”

Ninety-five per cent of the businesses renting from Places for London are small and medium-sized, TfL said. In the past year it has started a Places for Growth programme for small firms looking for their first bricks and mortar shop, and it is refurbishing units around Tube stations at Paddington, Old Street and Whitechapel.

What it means for you

• If you run a small business in Crouch End, Hornsey or Wood Green and want your first shop, the Places for Growth programme is aimed at you. Details are on the Places for London website.
• If you are looking for a way into construction, the skills academy has trained more than 12,000 people. Recent courses include one for care leavers run with Fatima’s UK Campaign, the charity set up by the Olympian Fatima Whitbread.
• If you are waiting for an affordable home, 58 per cent of the homes the company has built are affordable, but none of its completed schemes named in this year’s release is in Haringey.

The new sustainability rules

Alongside the report, the company has launched a Sustainable Estate Framework, which replaces the Sustainable Development Framework it adopted in 2021. Adopted in April 2026, it scores projects on sustainability through their whole life, starting with refurbishment and retrofit projects worth more than £500,000 on the existing estate. Its three pillars are vibrant and diverse communities, healthy places for people, and support for local economies. The company says it will help it attract institutional investment as well as balance profit with environmental and social results.

Gordon Rogers, head of sustainability at Places for London, said: “‘Our Contribution’ demonstrates the scale and the value Places for London delivers by creating great places for people to live, work and thrive. The results are clear, we are helping London grow and giving new opportunity to people, business and communities, including those with most need, so the city can continue to be its best, with new homes and destinations that people want to be in.”

He added: “We are committed to building on these results, and our new Sustainable Estate Framework will see us create inclusive, vibrant places whilst delivering transport improvements that support healthier communities.”

Howard Dawber, Deputy Mayor of London for Business, said: “Places for London is making a significant contribution to our ongoing work to grow the capital’s economy, deliver much-needed affordable homes and champion sustainable development. The Mayor and I are determined to continue to support local businesses, tackle the housing crisis, and create lasting economic growth across the city as we build a fairer and more prosperous London for everyone.”

Muniya Barua, chief executive of the business group BusinessLDN, said: “London needs more homes, more investment and more opportunities for people and businesses to thrive. Places for London is helping deliver all three, turning the potential of its estate into tangible economic and social benefits for the capital.”

The figures were worked out with the company’s Strategic Impact Framework, built with the property firm Savills. Tom Hill, director of impact strategy at Savills, called the report “a genuine innovation in impact appraisal that’s capable of demystifying what ‘Good Growth’ really looks like in practice”. The value figures are the company’s own estimates.

The full report and the new framework are on the Places for London sustainability page.