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Key Meridian Water site purchased

Published on:

04 August 2016

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Enfield Council has done a multi-million pound deal to snap up a key Meridian Water site and move the £3.5 billion development another step forward.

Enfield Council has done a multi-million pound deal to snap up a key Meridian Water site and move the £3.5 billion development another step forward.

The acquisition of Phoenix Wharf on the eastern side of the mega development means that Enfield Council now owns 18 hectares of land in the area – enough space for 5,000 of the proposed homes on the site. The Council will acquire planning consent for the site and then sell it on to Barratt London for a profit.

The Meridian Water development which is being overseen by Enfield Council with developers Barratt London and SEGRO will provide 10,000 homes, 16,700 jobs, provide vital new infrastructure and rejuvenate vast parts of Enfield while giving the borough's economy a huge boost.

Enfield Council's Cabinet Member for Housing & Housing Regeneration, Cllr Ahmet Oykener, said: "Meridian Water is forging ahead and Enfield Council and its partners are very close to getting boots on the ground and starting to build the new homes that Enfield so desperately needs.

"This is a truly transformational project which will dramatically improve the quality of life for thousands of people in the borough and help tackle the housing crisis in London."

Enfield Council's Cabinet Member for Economic Regeneration & Business, Cllr Alan Sitkin, said: "Meridian Water will provide the jobs, infrastructure and transport links we need to get Enfield working.

"We are putting in place a whole package of measure to improve the employability of local people, while providing high quality facilities to attract businesses to Meridian Water. These are exciting times and Enfield Council is doing everything it can to make sure local people reap the benefits of this huge project."

In all, Enfield Council expects to have acquired eight sites on Meridian Water by the end of the year, building work is expected to start in the spring of 2017, with the first homes completed by December 2018.

Enfield Council granted planning permission for the first 725 homes and the new Meridian Water Station last month. (June)