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Barratt, Segro selected for £3.5bn Meridian Water redevelopment

Barratt is partnering with Segro to develop Enfield Council’s £3.5bn Meridian Water redevelopment in Enfield, UK.The project includes the construction of 10,000 homes, a new water station and a full range of neighbourhood facilities.The Meridian Water site has already been given the housing zone status, allowing the development team to provide new housing in less time.Barratt London will lead the residential portion of the development, while Segro will create the urban logistics and industrial space.Segro's business unit director for Greater London Alan Holland said: “Being selected as the development partners with Barratt London for the regeneration of Meridian Water is great news.“We have a longstanding relationship with the borough with a number of industrial schemes already up and running, bringing real jobs to Enfield and the wider region.“We have a proven track record in delivering successful places for business to thrive, creating employment opportunities and helping attract inward investment to the area helping to create a sustainable community alongside the residential offering.”

Mandale Park housing development in Stockton nears completion

UK based housebuilding company Keepmoat has announced that the housing development Mandale Park in Stockton is nearing completion after 11 years.In 2004, the Mandale Estate compromised 578 homes, half of which were unoccupied, as well as three retail units and a community centre. Stockton Council, Barratt Homes, ISOS Housing and Keepmoat Homes entered into an agreement to transform the area building 891 new homes, 641 of which were to buy and  250 available for rent.The project, which entailed an investment of £120m, also includes the £1m Allison Trainer park, named in honour of the councillor who played a pivotal role in bringing the investment to the area.Keepmoat North East regional managing director Richard Bass said that prior to the redevelopment properties on the estate were sold for an average of £13,500 and that now new homes on the estate are reaching prices over £150,000. Keepmoat has built 445 new dwellings as part of the £90m regeneration scheme.Construction of the 333 Barratt Homes created 945 jobs, 95% of which were filled by local people from within a 10-mile radius of Thornaby.Barratt Homes North East managing director Mike Roberts said: "In 2004, the Mandale Estate was in a dire state of repair, with almost half of the 578 units of residential accommodation in the area unoccupied."Since then however, it has been amazing to see the regeneration of not only the estate, but of the area as a whole, not to mention the annual benefit to the local economy of £1m in council tax and over £6m in spend in local shops."Now out of the 333 properties we have built, there are only two left to purchase, and there is now a fantastic community of happy homebuyers on the site. We are really proud of what we have managed to achieve and the positive impact this has had on the area."