Member Article

Enfield Council seeks developer for £1.5bn Meridian Water scheme

The Meridian Water scheme, which will be adjacent to the waterside environment of the Lee Valley Regional Park and only 20 minutes from central London, is currently in need of a developer.

The appointed developer’s role will be to provide the 8,000 new homes, the full range of neighbourhood facilities and create 3,000 jobs by 2030 as well as drive the wider regeneration of north London.

Enfield Council is advertising for developers to drive forward the delivery of the project in the Official Journal of the European Union (OJEU) and is seeking applications from interested parties ahead of a full tender process.

Enfield Council’s Cabinet Member for Economic Regeneration & Business Development, Cllr Alan Sitkin, said: “We want to find a world class developer or consortium to help us deliver a world class development. Meridian Water will transform our borough and play a significant role in transforming and driving the growth on North London as a whole.

“We are making significant progress in delivering this superb scheme and we are now ready to find a master developer to help us turn our hopes, plans and dreams into a reality and provide thousands of homes and jobs in a superb waterfront setting.”

Last month, the Council secured £80m European Investment Bank (EIB) funding to boost the initial phase of the £1.5bn eco-mixed-use developmen site.

Enfield Council’s Cabinet Member for Housing and Housing Regeneration, Cllr Ahmet Oykener, said: “Meridian Water will provide thousands of much needed homes in a fantastic setting and will play a significant role in tackling the shortage of family accommodation in our borough.

“This is an ambitious, innovative and exciting project which will make a huge difference to the lives of thousands of families in Enfield and demonstrates the council’s commitment to large scale regeneration schemes which provide a tangible benefit to both individuals and the wider community.”

The Council has already made good progress in coordinating the essential infrastructure the scheme needs to be successful.

Network Rail has approved funding to provide an additional third track increasing rail provision to the Meridian Water development to four trains an hour from 2018.

In March this year Cabinet approved a funding package so the new Meridian Water station could be built in the same year.

A new Meridian Angel primary school has been approved and will open next year, and the Angel Gardens park will be completed by the end of the year.

Plans for the new Meridian Boulevard are underway with construction due to start in 2015 and the Lee Valley Heat Network company has been established to supply heat and hot water to homes at Meridian Water in 2018.

This was posted in Bdaily's Members' News section by Ellen Forster .