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Haringey council looks for development partner to build 5,000 homes

Haringey Borough Council is looking for a development partner to deliver regeneration works totalling more than £2bn.

The local authority will begin procurement early next year to find a joint venture partner for a newly created delivery vehicle, which will aim to build up to 5,000 homes across 20 sites in the borough.

The sites will include the Northumberland Park regeneration area, council offices in Wood Green and commercial property owned by the authority – all of which will be included in the first phase of development.

The delivery model aims to attract private sector funding and expertise to deliver regeneration in north Tottenham and Wood Green, as well as developing the borough’s smaller sites.

Haringey council said this will be one of the largest public-private partnerships to be created in London.

It added that the JV would help the council deliver low-cost housing and create jobs and training opportunities.

Council leader Claire Kober said: “The council owns a significant amount of land in the borough, and rather than simply sell it off, we want to find the right partner that can bring the funding and crucial expertise to help us deliver our bold ambitions for the long term.

“We’re already working closely with leading developers as part of our successful Tottenham regeneration programme, and this is a great opportunity to get on board with the exciting future of one of London’s best boroughs.”

 

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