Places for London, TfL's partner on High Barnet Place and Edgware's Broadwalk scheme, says it added £447m to London in 2025/26 and £1bn since 2023.

Places for London, the Transport for London (TfL) property company behind the 283 homes approved on the High Barnet station car park and the 3,365-home rebuild of Edgware’s Broadwalk Centre and bus garage, says it has added more than £1 billion of value to London since it was formed in 2023. Its latest “Our Contribution” report, published today, puts the figure for the 2025/26 financial year at £447 million.

That year ran from 1 April 2025 to 31 March 2026. The company says the total comes from its development work, its management of the TfL estate and the day-to-day running of it, which it measures across five themes: transport, housing, economic growth, social impact and environmental performance. The release gives London-wide figures only and does not break them down by borough.

Its two Barnet schemes

Both of the company’s big Barnet projects went through City Hall this year.

  • High Barnet Place, on the High Barnet station car park: 283 homes in blocks of 5 to 11 storeys with 40% affordable housing, from a joint venture between Barratt London and Places for London. Barnet’s planning committee refused it in December 2025 and the Deputy Mayor for Planning approved it on 27 May 2026, with the station’s 177-space car park going as part of the scheme (GLA hearing report).
  • Edgware’s Broadwalk Centre, bus station and bus garage: Ballymore and Places for London’s outline plan (ref 24/2686/OUT) for up to 3,365 homes plus 463 student or co-living units in buildings up to 29 storeys, with a rebuilt transport interchange and a basement bus depot (officer report). Barnet’s Strategic Planning Committee resolved to grant it in July 2025 and the Deputy Mayor declined to intervene on 30 March 2026.

Our running page on Barnet planning news has the background to both.

The London-wide figures

According to the report, Places for London:

  • has delivered more than 2,000 homes in the three years since it was formed, with 58% affordable housing across its portfolio, and has started more than 4,900 on site;
  • generated around £389 million of economic contribution in 2025/26 through investment, employment, wages and taxes, and supported around 12,000 jobs across its estate;
  • estimates that homes built by it and its partners produce £8 million a year in what it calls societal benefits, including better health from more stable housing, educational opportunities and cost-of-living savings for residents;
  • has trained more than 12,000 Londoners through its construction skills academy since 2019, and projects a £66 million uplift in lifetime earnings for those who found work through that training in 2025/26.
Two people sitting at a small round table by a window in an open-plan flat with a grey sofa, a kitchen and a keyboard.
Residents at home in a flat at Beechwood Mews. Photo: supplied by Places for London

The company says its new developments have on average 31% lower embodied carbon than the industry benchmark for residential schemes, and that schemes completing in 2025/26 include more than 2,300 square metres of sustainable drainage. Two of its schemes, Bollo Lane phase two and the office development at 10 King William Street, were used as pilots for the UK Net Zero Carbon Building Standard that launched this year.

What they said

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.”

A brick tower block rises beside the canopy of Wembley Park station, with the word Wembley in large letters on the station roof, at dusk.
The Wembley Park Gardens development beside Wembley Park station. Photo: supplied by Places for London

Muniya Barua, chief executive of 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. Its work shows the important role that long-term, ambitious investment in London’s places can play in supporting growth and creating a more prosperous and sustainable city.”

Tom Hill, director of impact strategy at Savills, which worked with Places for London on the Strategic Impact Framework used to measure the figures, called the report “a genuine innovation in impact appraisal that’s capable of demystifying what ‘Good Growth’ really looks like in practice”.

Small businesses and the new framework

Places for London says 95% of the tenant businesses on its estate are small and medium-sized enterprises. Over the past year it launched Places for Growth, a programme for small businesses looking for their first shop or premises, and it is refurbishing units around Tube stations at Paddington, Old Street and Whitechapel. Its skills work this year included helping care leavers into their first jobs with Fatima’s UK Campaign, the charity of the Olympian Fatima Whitbread.

Alongside the report it has launched a Sustainable Estate Framework, adopted in April 2026, which builds on the Sustainable Development Framework it published in 2021. The company says it sets measurable targets for sustainability across the life of each project, under three pillars: diverse communities, healthy places and local economies. It applies first to capital projects worth more than £500,000, mainly retrofit and refurbishment of the existing estate.

A woman relaxes on a dark sofa in a flat beside a French bulldog wearing a grey hoodie.
A woman and a French bulldog on a sofa in a flat at Wembley Park Gardens. Photo: supplied by Places for London

The report, the 2021 framework and the new one are on the Places for London sustainability page. The company’s first contribution report, covering 2024, is also online. The announcement is on the TfL newsroom.