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Haringey Council announces JV plans to develop Tottenham Hale

Haringey Council has announced it is moving forward with proposals to form a joint venture with Hermes Real Estate and Argent.

The council will aim to form a joint venture directly with Hermes Real Estate and Argent, with the council saying that discussions were “ongoing” between the three parties.

The joint venture will be formed to help deliver a new district centre in Tottenham Hale, which could join together enough land to provide 2,000 new homes.

Hermes is the investment manager of the Tottenham Hale Retail Park, which is a substantial part of the redevelopment area, while Argent is its development partner.

Once finalised, the JV will be working with Transport for London on over-station development - Tottenham Hale has already been earmarked as a Crossrail 2 station.

Tottenham was named as one of the Housing Zones announced by the Mayor of London in January.

The Greater London Authority will invest £44.1m to help unlock funding for 1,956 new homes, up to 50 per cent of which will be classed as ‘affordable’ homes. In total, the housing zone investment could be worth as much as £2bn.

Chris Taylor, chief executive of Hermes Real Estate, said: “‘We are delighted to be working in partnership with Argent with whom we have a longstanding relationship and first-hand experience of the team’s excellence in delivering major regeneration projects such as the 67 acre King’s Cross scheme.

“The Argent team is also working with Hermes in partnership with Birmingham City Council in the major city centre regeneration project at Paradise Circus.

“As a long term investor, we regard Argent as best in class urban developer, with their innovative approach to place-making and partnership in a truly sustainable manner.

“With enhanced infrastructure and public realm, an exciting opportunity exists for Hermes/Argent to work in partnership with Haringey Council at Tottenham Hale.”

Argent was chosen as preferred development partner for the 7,500-home Brent Cross Cricklewood South scheme for Barnet Council in February.

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