IJM Land Bhd, the property arm of IJM Corporation Bhd, has announced securing eight central London sites for development in partnership with Network Rail Property.

The planned development could result in approximately 1,600 new homes with an estimated gross development value exceeding £3 billion (RM17.8 billion). The sites collectively offer up to 3.55 million square feet of development potential, encompassing housing, life sciences, and commercial uses such as offices.

The sites are strategically located above or adjacent to railway infrastructure. Lee Chun Fai, chief executive of IJM Corp, stated, “Our experience in delivering challenging rail interface projects positions us well to maximise the potential of these sites.”

IJM Land and Network Rail established the Innova partnership last year to develop mixed-use schemes on brownfield land. Previously, IJM Land delivered a 150-metre deck above the Docklands Light Railway lines at Tower Hill, as part of the Royal Mint Gardens project. Completed in 2019, this project was IJM Land’s maiden venture in London and included three condominium blocks built over two active railway lines.

Currently, IJM Land is working on the final phase of a 650,000 square feet over-rail mixed-use project, which has already achieved 36% affordable housing. The company aims to replicate the success of the Royal Mint Gardens project with the eight new sites.

Detailed infrastructure and enabling design works are underway, with stakeholder engagement and planning processes scheduled throughout 2024. Construction is expected to commence after planning approvals.

Robin Dobson, group property director for Network Rail, commented, “This is another milestone in our continued investment into delivering infrastructure-led regeneration projects in the capital. These are complex sites, and working together, we are bringing forward locations that have previously appeared undevelopable.”