Argent and Hermes Real Estate are expected to enter a joint venture with Haringey Council for 2,000 new homes at Tottenham Hale Station
The developer behind London’s King’s Cross regeneration and Manchester’s new Airport City has been lined up to deliver a new ‘district centre’ for the north London suburb.
The project – which has yet to have an architect announced – includes a new development above Tottenham Hale Station and the regeneration of the nearby Tottenham Hale Retail Park.
Tottenham Hale is earmarked to become part of London’s proposed Crossrail 2 network and Landolt + Brown has worked up initial plans for a scheme above the new station (pictured).
Hermes is the investment manager of the nine-hectare retail park while Argent is the company’s development partner. The joint venture is expected to also work with Transport for London (TfL) on the over-station development.
Haringey Council cabinet member for housing and regeneration, councillor Alan Strickland said: ‘This is a great step forward in our plans to create a new district centre, bringing much needed new jobs and investment to Haringey and North London.’
Hermes Real Estate chief executive Chris Taylor added: ‘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.’
He continued: ‘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.’
The joint venture announcement follows the designation of Tottenham Hale as a new ‘housing zone’ by the Mayor of London.
The initiative will see the project – which is planned to include 50 per cent affordable housing and include a pedestrian bridge to the Lee Valley Regional Park – benefit from £45 million of public funding.
Last month Argent – working with Allies & Morrison, Liftschutz Davison Sandilands and Glenn Howell Architects – was chosen to deliver the 7,500-home Brent Cross Cricklewood South scheme for Barnet Council.
The team – also featuring US development giant Related, David Morley Architects and landscape architects Townshend – defeated three rival developer-led bids for the 78 hectare site.