Enfield Council completes next land acquisition at Meridian Water to control nearly 50% of developable area
Enfield Council completes purchase of the 2.1 acre VOSA site as the Council continues its pioneering approach to deliver regeneration.
New Meridian Water brand, website, images, fly-through and video unveiled (www.meridianwater.co.uk) as works continue on site.
Enfield Council today confirmed the completion of their next land acquisition at Meridian Water with the purchase of the 2.1 acre VOSA site, giving the Council control of almost half the developable area.
Cllr Doug Taylor, Leader of Enfield Council, said:
“Meridian Water will transform this part of the Borough, bringing thousands of new jobs into the area alongside new homes and beautiful public spaces, connected to a new railway station which will open in 2019.
“All of this is only made possible by the direct and active involvement of Enfield Council. We are buying land now, rather than waiting for values to rise later, and I commend our team on completing yet another site purchase as we now own almost half the site.
“We are also overseeing the infrastructure investment, creating a comprehensive programme of meanwhile uses through Meridian Works, delivering low carbon heating and hot water through our own municipal energy company energetik and we will be directing the retail strategy ourselves.
“Enfield Council is determined to secure maximum benefits for our residents and ratepayers as a result of Meridian Water and our pioneering approach is, I believe, a model for others to follow.”
The redundant vehicle testing site, known as VOSA, was acquired from the Secretary of State for Communities and Local Government, acting for the Driver and Vehicle Standards Agency.
Previous site acquisitions include the 18 acre Willoughby Lane site, purchased in March 2015, where construction enabling are already underway and where the first 725 homes will be built alongside the new railway station.
The total Meridian Water regeneration area covers 210 acres, but this includes the rail lines, roads, waterways and the current Tesco and Ikea stores. The total developable area is 118 acres and the Council now owns 55 acres (47%).
Enfield Council has also selected private development partners – Barratt London, part of the UK’s largest homes builder, working with SEGRO, one of the UK’s leading owners and developers of high quality workspaces.