The residential land & development team at JLL has been appointed as strategic property advisor to the London Borough of Enfield to focus on the delivery of 85 hectares of land at Meridian Water launched by Boris Johnson earlier this month as one of London’s front runners for housing zone status.
The role has required strategic level negotiations between numerous landowners, local and central government resulting in agreements with the Mayor’s office and the Greater London Authority to kick start the regeneration with much needed funding for infrastructure to support new homes and businesses.
Meridian Water will benefit from an upgraded train station, with up to 4 trains an hour by 2017 and up to 8 trains an hour by 2022 into Stratford and Liverpool Street, along with the provision of over 5,000 homes and 3,000 new jobs.
Commenting on the appointment, Thomas Stevenson – Director in the Land and Development team at JLL said: “The ability to deliver over 5000 much needed homes in Enfield is the result of a complex strategic development strategy involving LBE, the Mayor’s office, the GLA and numerous stakeholders to ensure we deliver the right long-term, sustainable housing solution for the area. Unlocking complicated development sites such as these, to deliver large scale regeneration has been the focus of this project right from the outset and we are confident that the current and future community in Enfield will benefit hugely as a result.”