Enfield Council has chosen Galliford Try Partnerships as its partner to build the first phase of the £6bn Meridian Water scheme.
The developer was picked from a shortlist of four, which also included L&Q, Peabody and Redrow.
The first phase of 725 homes will be built by 2022 and will be complemented by new public squares, shops and leisure facilities.
The new homes will be delivered around the new Meridian Water train station, which is due to open next month and serve up to four million rail passengers a year.
Outline planning permission is already in place for the new homes, with construction enabling work having started in January 2017.
The original developer Barratt London pulled out of the project in October 2017 after the council refused to sign up to a ‘poor deal for residents’.
In July last year, Enfield council announced the regeneration project was ‘back on track’ after taking overall control of the scheme.
‘We are extremely excited to be working with Galliford Try Partnerships as they have demonstrated that they will be able to deliver quality, well-designed homes in a timely manner and social infrastructure that reflects the Meridian Water vision,’ said council leader, Cllr Nesil Caliskan.
‘This is a clear demonstration of the progress we are making and the confidence the development community has shown in the council to deliver one of London’s most exciting regeneration projects.
‘I see Meridian Water as an extension of the local community and I am confident that Galliford Try will deliver a scheme that will benefit local people and the community first and foremost and in addition, will provide affordable homes and quality jobs in Enfield,’ added Cllr Caliskan.
The search for a new developer for Meridian Two, at Leeside Road has also started.
The scheme will deliver circa 250 affordable homes with workspace on the lower floors, earmarked to bring makers and creators to the area.
‘We are delighted to have been selected to work in close partnership with Enfield Council and the local communities on the delivery of Meridian One as a new vibrant mixed-use, mixed tenure neighbourhood,’ said Galliford Try Partnerships’ chief executive, Stephen Teagle.
‘We will create an environment for local people to thrive – providing quality affordable homes, opportunities for local start-up businesses to flourish, great public spaces and a design which celebrates the parkland character of the Lea Valley. A great opportunity to demonstrate responsible and accountable regeneration through a responsible, accountable partnership.’
Photo by Free-Photos (Pixabay)