Thursday, 19 January 2017

Four associations in running for £2bn scheme

Four housing associations are among developers longlisted for a £2bn regeneration programme in north east London.

Haringey Council has named Home Group, Places for People, Circle and Affinity Sutton on its list of potential development partners.

The ‘Haringey Development Vehicle’ is expected to create at least 5,000 new homes over the next 15 to 20 years. The council will release a shortlist in summer 2016 and a final, preferred bidder by the end of this year.

Claire Kober, the leader of Haringey Council, said: “This is an important step towards helping us deliver one of the largest regeneration programmes in the UK. Last month, an independent report found Haringey is set to see the fastest jobs growth in London over [the] next 20 years, ahead of Westminster and the City of London.”

The development vehicle will initially focus on Tottenham and Wood Green. Other sites in other parts of the borough have already been identified and the partnership will be given the opportunity to take on further prospects as they come forward.

The housing associations are joined on the list by Land Lease, Urban & Civic and a consortium of Pinnacle, Catalyst Capital and Starwood Capital.

The list was revealed at the MIPIM conference in France on Wednesday.

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