London Mayor, Sadiq Khan, at MIPIM, Cannes, France to seek London investment

Opportunity London is being launched at MIPIM property conference in Cannes, France. Opportunity London: London Investment Prospectus is a partnership between London Councils, the City of London Corporation, the private sector and the Government. The London Mayor, Labours Sadiq Khan, headed to MIPIM to champion the initiative this week. It is described as the front door for investors to get into London, as Khan seeks new investment for the capital, which in turn will help with the delivery of affordable homes and with it, new infrastructure and jobs.

Sadiq Khan is promoting investment opportunities at 5 of the capitals largest and most major transport/freight hubs, worth over £10 billion. It will also provide opportunity to build further new housing, build to rent schemes, PBSA, offices and leisure developments.

In his first ever appearance at the international show, Khan stated "I’m determined to do everything I can to build more of the affordable homes Londoners desperately need. I am also determined to play our part in delivering the UK Government’s number one mission: growth. We have recently launched our own ambitious growth plan for London and attracting new investment for major housing and transport projects will be vital to boosting productivity and improving living standards in London and across the country."

During the mayors speech at the ‘Housing Matters!’ conference in Cannes, Khan called for more foreign investment into London to help boost the delivery of these new affordable homes.

Jace Tyrrell, chief executive at Opportunity London, also said, “London is a trillion-dollar economy and remains the capital investment magnet of the world. We have a supportive public sector at every level of Government and the next wave of major development opportunities across transport, energy and real estate, for the benefit of all Londoners.”

Opportunities include a major investment at Bow Goods Yard, the last land to be unlocked as part of the London 2012 Olympic and Paralympic Games legacy. Planning consent is already in place for 3 million sqft of development, which includes logistics, warehousing and industrial spaces, a leisure district and the opportunity for a data centre.

Khan said: “London is not only the greatest city in the world but also the greatest city in the world to invest in."

A number of London boroughs are also seeking investment. Barnet Council wants investors to help in its Brent Cross Town project, bids also from Islington, Waltham Forest and Lambeth councils.