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12.—(1) Any direction given by the Secretary of State under section 8(4) which is in effect immediately before the devolution date has effect as if given by Transport for London.
(2) Any development agreement (within the meaning of section 42) and any lease granted in pursuance of such an agreement have effect, in so far as they relate to land acquired by Transport for London, as if Transport for London were a party to the agreement or lease instead of the Secretary of State.
(3) Any agreement entered into under section 47(1) or (7) which is in effect immediately before the devolution date has effect as if entered into by Transport for London instead of the Secretary of State.
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