Brent Cross Cricklewood achieves major milestone, unlocking millions of pounds worth of investment
- Hammerson and Standard Life Investments have secured new planning consent for Brent Cross Cricklewood, ensuring delivery of unprecedented investment into the area
- Detailed design work for the first phase has already started and will be consulted on later this year
- This first phase alone will include a £250 million investment in roads, public transport and pedestrian and cycle links as well as three new parks
Hammerson and Standard Life Investments, the Brent Cross Cricklewood Development Partners, have gained a new planning consent for the regeneration of Brent Cross Cricklewood, paving the way for the largest investment in the area’s history.
Following approval by Barnet Council, the Secretary of State and finalising the Section 106 agreement, the consent is a major milestone for the masterplan, which will create a new town centre including 7,500 homes, 27,000 jobs, parks and community facilities, and a transformed Brent Cross Shopping Centre that will include new retail, dining and leisure.
This first phase alone will include a £250 million investment in roads, public transport and pedestrian and cycle links as well as three new parks.
“The regeneration of Brent Cross Cricklewood will bring significant investment into Barnet and North West London. This is a major milestone for a scheme that is integral to London’s future growth and we are excited to move ahead with the first phase which will include the transformation of Brent Cross Shopping Centre and £250m worth of crucial road and transport improvements that are key to unlocking the area’s potential.”
Mike McGuinness, Development Director at Hammerson, said:
“Securing planning consent is a significant step in delivering our vision for Brent Cross Cricklewood. This is great news for London.”
James Stevens, Head of UK Development, Standard Life Investments
The Mayor of London, Boris Johnson, said:
“This is a landmark moment as we look to transform Brent Cross Cricklewood into one of the premier places to live, work and visit in the capital. London’s population is set to soar to ten million by 2030 and this scheme is absolutely crucial to the city’s sustainable growth as it has the capacity to deliver thousands of new homes and jobs through major improvements to transport infrastructure.
“We have been working closely with Barnet Council to secure investment in a new Thameslink station at Cricklewood that will bring the area within 12 minutes of central London and are also looking to create a pleasant environment in which to walk or cycle. I look forward to seeing this vitally important part of London transformed over the coming years.”
Later this year the Brent Cross Cricklewood Development Partners will be engaging with local people and the wider community with a view to starting construction on site in early 2016.