We own a 5,700 acre estate that includes land and properties with huge potential for creating the homes and jobs that the Capital needs. Our landholdings can play a vital role in meeting the Mayor's priorities to build affordable homes, while generating revenue to invest in improving our transport network.
We have the team, sites and programme in place to provide a long-term development pipeline, delivering 10,000 homes across 300 acres. In 2016/17 we brought sites to market which will deliver almost 1,000 homes, half of which will be affordable.
We are using a number of routes to release our sites, including our property partnerships framework of 13 leading developers, direct-development and site-specific partnerships. We also have plans to release our smaller sites.
Our ambitious programme offers an exciting opportunity to build homes and communities around the transport hubs where people want to live and work. To make the most of this we want to work with local authorities, land owners and the best of the development industry.
We have signed development agreements and formed partnerships to build new homes and commercial space at these sites.
Earls Court is one of the Capital's most important development opportunities and was our first joint venture. In 2015 we partnered with Capco to establish Earls Court Partnership Limited. Together we'll deliver 1,800 homes on 26.6 acres as part of a wider 77 acre plan. Find out more about the transformation of Earls Court.
Our four-acre site next to Kidbrooke rail station was the first site to be made available to our property partnerships framework. The site has the potential to deliver 400 homes, 50% of which will be affordable. As well as providing hundreds of genuinely affordable homes, the site will also provide new retail and commercial spaces, a hotel, improved urban realm and an integrated bus station. In March 2017 we announced Triangle London Developments (TLD) as our preferred bidder for the site.
We have launched these sites to market. We are currently evaluating our prospective development partners submissions or they are in the process of preparing their bids.
South Kensington station is a listed building that acts as the gateway to many of London's most renowned museums, the Royal Albert Hall and Imperial College. We have been working with the local community to draw up plans for new shops, homes and office space around the station. We're now searching for a joint venture partner to help bring forward a scheme that reflects the station's location and heritage. Find out our plans for South Kensington.
Located in zone 6, our 4.7 acre site at Northwood can provide over a hundred new homes, 35% of which will be affordable. Redeveloping this underused site will also provide step-free access at the station, new shops and public space. We hope to appoint a joint-venture partner by the end of the year.
Covering 1.5 acres opposite Blackhorse Road Tube station on the Victoria line, the site is currently used as a car park. Located within a GLA Housing Zone and Waltham Forest Council's Blackhorse Lane Growth Area, it is suitable for around 350 homes, with ground floor commercial space and new public realm. We launched the site to market in 2017 and expect to appoint a partner later this year.
This 1.9 acre site sits at the heart of London Bridge, with significant potential and flexibility to support a number of uses including high-quality office space, retail, leisure and housing. We made the site available to our property partnerships framework in November 2016 and will appoint our preferred partner in summer 2017.
We have secured planning consent for a 100% affordable housing scheme on this 1 acre site. We have signed a development agreement with London Borough of Lambeth and will deliver 55 new units made up of high-quality, dual-aspect one, two and three bedroom homes. We are also providing a replacement community hall and financial contributions for additional play space in the neighbouring estates.
We have an extensive pipeline of sites and are identifying how and when we will bring each one forward. These are the sites we have announced to date.
We'll deliver new commercial units by transforming 31 disused railway arches underneath Wood Lane Tube station. The arches will be converted into 20 retail units, workspaces, amenity and cycle parking. Public access arches will support the regeneration of the White City Opportunity Area by creating direct routes between White City Living (developed by St James) and Westfield London. The first units will be available in spring 2018. Find out more about our plans for Wood Lane Arches.
We have started works to modernise Bank station, connecting it to Monument station and providing step-free access. Once works are complete, we will develop a new retail and office building above the new station entrance. We expect to start work on the 0.66 acre site once the station is complete in 2021. We have planning permission for a nine storey scheme, including 12,000 square metres of office and 650 square metres of retail space.
Harrow-on-the-Hill station and neighbouring bus station need significant improvement, specifically, step-free access and increased bus capacity. The 2.5 acre site above and around the station could deliver a 600 home scheme, which would improve transport and access in the town centre.
This is a 1.85 acre site above and around the proposed Nine Elms Northern line station. We have planning permission for 332 homes, and retail and commercial space. We will start on site when the station is finished in 2020.
We are working with our partners Knight Dragon and the GLA to bring forward the development of Peninsula Place. Knight Dragon have unveiled a new £1 billion landmark scheme designed by Santiago Calatrava totalling 1.4 billion square feet which includes a new Tube and bus station.
In February 2016 we appointed 13 major property development companies and consortia to a development framework which will help to deliver the thousands of homes, offices and retail spaces vital to keep London growing.
The 13 organisations were selected following a competitive procurement process with over 50 companies registering their interest in becoming one of our property partners.
Our framework allows us to work in joint ventures with some of the best developers in the market, on land in London's most iconic locations. It works more efficiently than procuring a joint venture development partner on a site by site basis. The wider GLA family will also be able to use the framework to bring forward developments on their sites.
The property partnership programme is part of our plans to raise £850m in income from property development and disposals by 2021/22 for reinvestment in London's transport network. The partnership is the first phase of our wider property development programme.
The 13 companies and consortiums selected are: