Haringey Council one step closer to delivering £2bn regeneration programme
For the most up to date information on the Haringey Development Vehicle please visit our dedicated HDV page.
- Long-list of bidders for £2bn 'Development Vehicle' announced by Cabinet Member for Housing and Regeneration on the London Stand at MIPIM, Cannes
- This is the next stage of Haringey’s search for a joint venture partner to help realise a major programme of house-building, town centre regeneration, estate renewal and job creation across the borough
- Long-listed bidders include Lend Lease, Places for People, Urban & Civic, Pinnacle with Starwood Capital and Catalyst Capital, Galliford Try with Home Group, Morgan Sindall with Circle Housing and Affinity Sutton
The council has today (16 March) revealed the long-list of bidders hoping to enter a partnership that will deliver ambitious plans for £2bn of development across the borough.
The ‘Haringey Development Vehicle’ will be a 50/50 partnership taking on scores of sites across Haringey. This will be a long-term project on an unprecedented scale, creating at least 5,000 new homes, a new town centre and thousands more jobs over the next 15-20 years.
The long-list of bidders are hoping to tap into Haringey's unrivalled investment and development opportunities, supported by major improvements to transport with the potential for four Crossrail 2 stations. The list was announced by Cabinet Member for Housing and Regeneration Cllr Alan Strickland.
The first phase of the 'Development Vehicle' will focus on the massive potential for regeneration in Wood Green and Tottenham.
Haringey Council’s ambitious regeneration plans for Tottenham are already seeing more than £1billion of public and private backing transform the area, with opportunities to deliver 10,000 new homes and 5,000 new jobs by 2025.
In Wood Green, the heart of the borough, proposals for significant redevelopment could bring 6,000 new homes and create 4,000 new jobs, returning one of London’s historic town centres to its former glory.
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.
This growing drive for investment outside of Zone One has been made even more evident through recent analysis by Bilfinger GVA which revealed that the fastest rate of economic growth is happening outside of central London. Major regeneration projects and greater access to affordable office space in boroughs like Haringey are driving up demand. The analysis shows that the jobs growth rate in Zones Two and Three will outstrip that in Zone Two over the next 20 years.
The Leader of Haringey Council, Claire Kober 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 next 20 years, ahead of Westminster and the City of London.
"Haringey is the future of London and one of these potential partners will play a big part in helping realise our ambitions for residents and businesses.”
Turnberry Real Estate and Bilfinger GVA are advising the council.