Enfield Councilís flagship Meridian Water development has been confirmed as one of 20 housing zones in London. It will share with three other zones in the latest allocation of £162 million of funding.
Housing zones were set up by the Greater London Authority and the London mayor, with the target to build 50,000 new homes in the city within 10 years. At Meridian Water, 3,650 new homes are planned as part of the first phase of the waterside scheme; the council aims for 1,460 to be affordable.
The rail station at Angel Road will be redeveloped and renamed Meridian Water station, with four trains an hour due to connect to central London by March 2018 under the planned Stratford to Angel Road rail line.
The council’s cabinet member for housing and housing renewal, Councillor Ahmet Oykener, said: “Meridian Water receiving housing zone status is tremendous news and will give a big boost to this flagship scheme.
“Our aspiration is to provide 8,000 new homes and 3,000 new jobs in a fantastic waterfront setting in Meridian Water, a development which will help drive the regeneration of Enfield and the wider north London region. Housing zone funding will directly support the delivery of the first phase of 3,650 homes.”
International law firm Trowers & Hamlins is to continue as main legal advisor to Enfield Council on its flagship £6bn Meridian Water…