Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Council takes control of £6bn Meridian Water project

Enfield Council has revealed it will not seek a single master-developer for its £6bn Meridian Water project and has taken overall responsibility for the 10,000-home scheme itself.

The local authority described its decision, which remains subject to a potential call-in from the government, as a “watershed moment” that would put the scheme “back on track”.

Enfield Council terminated a Barratt / Segro joint venture as the preferred master-developer bidder for the project in October 2017, branding the housebuilder’s terms as “unacceptable”.

Minutes from a council meeting the following month revealed the local authority had approached reserve bidder Pacific Century Premium Developments (PCPD) in an effort to keep the scheme on track.

Enfield Council leader Nesil Caliskan said the role being adopted by the council in the project’s delivery was “genuinely new for a local authority”.

“We will be in control and we will be the custodians of the place Meridian Water will become,” she said.

“We will select development and other partners to work with the council to bring forward specific parts of the regeneration, whether that is for housing delivery, new employment spaces or [other] uses, and we will hold the vision for Meridian Water and oversee its delivery.”

Enfield Council has announced that it will now seek development partners for the site’s first two housing sites – comprising nearly 1,000 homes – through the GLA’s London Development Panel procurement tool.

The council said it was also seeking a development partner for the first major employment site on the scheme and that it was bidding for £120m from the Housing Infrastructure Fund.

Neighbouring Haringey Council cancelled its £2bn regeneration deal with Lendlease last week, claiming its agreement with the developer did not provide the answer to the “challenges faced by the council”.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.