Meridian One development moves forward
Regeneration scheme to create 900 homes for Enfield residents
A development agreement has been signed by Enfield Council and developer Vistry Partnerships (formerly Galliford Try Partnerships) for approximately 900 new homes at Meridian One, the first £250m phase of the £6bn Meridian Water development. The overall programme is one the UK’s largest live regeneration projects, expected to create 10,000 homes and 6,700 jobs. Karakusevic Carson drew up the masterplan for the 82-hectare location, with a vision to reshape the industrial and retail site into an integrated district that makes the most of a new local rail station and Cross Rail 2.
Enfield Council is taking control of the vision for Meridian Water, overseeing its delivery and selecting partners to bring forward parts of the scheme that will benefit local residents. A prime aim is to address the area’s housing crisis, with half of the new Meridian One homes designated as affordable. Of these, 50 per cent will be owned by the Council and provided at London affordable rent levels.
Enfield Council Leader, Nesil Caliskan, said: “From the start I made it clear that I wanted the primary beneficiaries of Meridian Water to be local residents, and the agreement we have struck with Vistry Partnerships enshrines that guiding principle...This development will be a shining example of how councils can lead major regeneration projects to deliver real benefit for their residents.”
Matthew Taylor of Vistry Partnerships agreed, stating: “We’re delighted to reach this significant development milestone, which means construction will commence in earnest next year. Enfield Council has shown a real commitment to providing a range of mixed tenure homes, with affordability for local people at the heart of our shared vision for Meridian Water.”
Enabling works are planned to begin in the next few months, with the first new homes completed by 2022.
TenderStream Head of Research
These tenders were first published by TenderStream on 11.02.2015 here and 08.06.2015 here