New regeneration scheme may need property development finance

20 November 2009

Written by Steve Olejnik

Brookfield Europe, Hammerson and Standard Life Investments may be seeking property development finance after proposals for a regeneration scheme at Brent Cross Cricklewood were approved yesterday (November 19th).

Through a joint venture, the three organisations will build a new town centre that will include schools, healthcare facilities, homes, parks and improved local transport services as part of a £4.5 billion initiative.

Barnet Council gave the proposals the green light at a meeting held last night.

"This is a once in a generation opportunity to secure significant investment in a part of our borough that needs a major boost," said councillor Mike Freer, leader of Barnet Council.

Meanwhile, those seeking property development finance for projects based in London may be interested in a recent announcement by mayor Boris Johnson regarding investment in the capital's green spaces.

He said that he plans to spend £220 million over the next three years on more 50 public space projects, including those involving redesigned streets, reclaimed green spaces and waterways.

We can find the right property development finance to suit your individual requirements - enquire online today.