29 October 2010 | By Carl Brown
Planning consent has been granted for a £4.5 billion scheme in London which will deliver 7,500 homes.
A section 106 deal has been agreed between Barnet Council and Brent Cross Cricklewood Development Partners - a consortium of real estate company Hammerson PLC and asset manager Standard Life Investments.
The deal, which will see BCCDP contribute nearly £1 billion towards transport and community infrastructure, means full planning consent for the scheme has now been granted.
Work on the scheme was halted earlier this year when then communities secretary John Denham issued a ‘stop notice’ to allow further consideration of the plans. After the election his successor, Eric Pickles, ruled there was no need for a public inquiry into the scheme and work could go ahead.
Jonathan Joseph, development director for BCCDP, said: ‘A vital part of our work moving forward will be engagement with local people and the wider community to ensure that everyone is fully involved with and informed of our plans.’
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