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Meridian Water development partners appointed
by Marco Cillario Fri 27 May 2016, 10:02 am
Barratt London and Segro have been appointed by Enfield Council as development partners for the £3.5 billion Meridian Water development, which will create 10,000 homes and 16,700 jobs.
First presented at Sitematch London in 2012, the council announced on 27 May 2016 that the two developers had been selected for its flagship 85-ha scheme, one of the largest in the country.
Located next to the Lee Valley, 20 minutes from central London, Meridian Water will create 10,000 jobs in the construction industry and 6,700 permanent positions. The council estimates it will add £3 billion to the British economy by 2036 by stimulating growth in the region.
It will provide supporting infrastructure including a railway station, shops and other community facilities in a waterfront setting, and improve connectivity between north London and the Lee Valley.
The site has also been given housing zone status by the government, meaning funding and provisions will be made available for new homes on the site.
Councillor Ahmet Oykener, cabinet member for housing and housing regeneration, said the appointment of Barratt London and Segro was “incredibly exciting”.
He explained: "Now we can start getting boots on the ground and proceed with this transformational project for Edmonton and the wider area and create a truly world class development which will improve the quality of life for tens of thousands of people.
”Meridian Water will play a huge part in helping to ease the housing crisis in London and will provide fantastic quality accommodation to thousands of families."
Councillor Alan Sitkin, cabinet member for economic regeneration and business, added that Meridian Water would give local people an “unparalleled opportunity to benefit from the jobs and training opportunities we will be creating”.
“Our challenge is to make sure that both our existing communities and future generations of Enfield residents benefit from this once in a lifetime scheme to transform north London economically.”
Enfield Council submitted in March 2016 an outline planning application for phase one, which features 725 homes, community facilities, the new Meridian Water station and utilities and infrastructure for the site. Detailed applications for these elements will follow.
The first set of homes and the new station are scheduled for delivery in 2018. The council aims to complete the scheme within 20 years.