Plan to regeneration north-west London shopping centre area will provide 27,000 new jobs and 7,000 homes
Barnet council has approved a £4.5bn masterplan to regenerate the area around Brent Cross shopping centre to provide 27,000 new jobs and 7,000 homes.
Members on the council’s planning committee resolved to grant permission to the controversial 250-acre scheme last night, voting in favour by a majority of eight to one. The project is being promoted by a consortium of Brookfield Europe, Hammerson and Standard Life Investments, who intend to develop it over the next 20 years.
The decision follows campaigning by a number of local groups opposed to the scheme, with last night’s decision coming after two evenings of debate at a special Planning and Environment Committee.
As part of the approval, the developers will pay for £964m in local infrastructure improvements, including:
- £500m of investment in transport, including £189m on environmental measures
- £200m for road improvements
- £109m on community infrastructure including new health facilities and state-of-the-art new premises for three local schools
- £112m on cleaning up the land and disposing of waste
- A new train station on the Midland Mainline, a new bus station, new bridges and cycling routes, new facilities for Clitterhouse Playing Fields, new open space
- A new town centre for north-west London