Broxbourne Borough Council and Hertfordshire County Council have named retail and leisure developer Sovereign Centros as their development partner for a planned mixed use scheme in Cheshunt. The councils are bringing forward a 20 hectare site, located three miles north of junction 25 of the M25, for a planned scheme with around 250 homes, plus 10,000 square metres of leisure space, 33,000 square metres of retail uses and public realm. Lyons+Sleeman+Hoare Architects is architect and masterplanner for the scheme. The Brookfield Riverside site forms part of a development proposal for a larger 133 hectare site, which could see a further 1,250 homes delivered in Brookfield Garden Village, alongside education facilities and other amenities.
The government has launched a high streets task force to drive the revival of ailing high streets and town centres. The task force will be run by the Institute of Place Management (IPM) at Manchester Metropolitan University, which has brought together task force partners, including The Design Council, Landscape Institute, Cardiff University, the Royal Town Planning Institute and Pricewaterhouse Coopers.
Property services and investment firm CBRE has agreed a deal to buy housebuilder Telford Homes for a price of £267 million. London based Telford Homes has increasingly been focusing on the build to rent sector, and reported £40 million of pre-tax profit for the last financial year. The acquisition represents a strategic expansion of CBRE's US Trammell Crow Company real estate development business. "Being part of Trammell Crow Company will allow Telford to enhance its growth in the build to rent/multi-family market in London," said Telford Homes chief executive Jon Di-Stefano. On completion of the acquisition, which is expected in the third quarter of this year, Telford will operate as part of the Trammell Crow Company, with Jon Di-Stefano continuing to run the business.
Also this week, the Architectural Heritage Fund opened applications for a fund aimed at reinvigorating England’s high streets and town centres through the creative use of local historic buildings. Local groups can apply for financial support for projects that create alternative uses for underused or unused historic buildings under the transforming places through heritage fund. The initiative is part of the high street heritage action zones and future high streets fund, run by the Department of Digital, Culture, Media and Sport and the Ministry of Housing, Communities and Local Government.
Housebuilder Crest Nicholson and Sovereign Housing Association have formed a partnership to deliver 920 homes in the next phase of the emerging 2,700 home development at Harry Stoke, in Bristol. The joint venture will use the housebuilder’s placemaking and major project delivery skills to deliver the homes and associated infrastructure. Under the arrangement, Sovereign will pre-purchase 376 of the associated affordable and intermediate homes from the joint venture.
Investor Legal & General and Oxford University have formed an equal joint venture to develop homes for university staff and students, together with science and innovation districts in and around Oxford. Under the arrangement, Legal & General’s future cities business will provide up to £4 billion over the next decade, from L&G’s shareholder, annuity and LGIM-managed funds.
A deal between affordable housing provider Places for People and Homes England is set to deliver 73 affordable modular homes in Blackburn. Funding from the housing provider’s strategic partnership with the government housing agency is supporting the development of timber framed homes on a site to the south of Blackburn’s town centre. The two, three and four bedroom homes will be manufactured at Places for People’s own Modularwise factory.
Architects Robin Nicholson of Cullinan Studio and Tricia Patel of Pollard Thomas Edwards are among a panel of ‘critical friends’ appointed to champion design quality in the London borough of Barking and Dagenham. The quality review panel has been appointed by Be First, Barking and Dagenham Council’s regeneration company, to give guidance on design standards for the borough’s major new developments and emerging masterplans. The panel is chaired by Neil Deely, partner of architect Metropolitan Workshop. Project management consultant Frame Projects was commissioned to select and support the panel.