Enfield Council has signed a development agreement with Vistry Partnerships (formerly Galliford Try Partnerships) to build 900 new homes on Meridian One, which is part of the first phase of the £6bn Meridian Water development in London, UK.
Meridian One received planning permission in 2017. Vistry Partnerships will submit a planning application for the details of the first homes during this year.
Vistry Partnerships said that enabling works on the £250m development could begin in the coming months.
Vistry Partnerships stated that half of the new homes to be built will come under affordable housing and will be provided at London affordable rent levels. The remaining homes will be offered under a range of tenures and housing types, as a response to the housing market needs.
The first homes are expected to be completed in 2022.
Enfield Council Leader Nesil Caliskan said: “These will be world-class dwellings for families in Edmonton, they will be properties residents will be proud to call homes and this development will be a shining example of how councils can lead major regeneration projects to deliver real benefit for their residents.
Meridian One was planned keeping in mind the existing communities in neighbouring residential areas. The council has also committed to focus on affordable family living in the borough and to make the units available at London Affordable Rent levels.
Matthew Taylor of Vistry Partnerships said: “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.
“It is a major achievement that we are now providing 50% affordable housing, with 90% of all open-market homes for sale across the scheme qualifying for Help to Buy.
“This will give local people a genuine opportunity to own a home in the area they know and love, and allow them to benefit from this fantastic regeneration scheme. Furthermore, the development will provide fantastic new public spaces, and opportunities for new local start-up businesses to grow.”
Meridian Water is a 20-year London regeneration programmed led by Enfield Council, where 10,000 new homes will be built, adding thousands of jobs to Enfield, north London and Lee Valley Regional Park.
Vistry Partnerships to build new homes at Enfield Council. (Credit: Vistry Partnerships)