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[Reposted from Oct 2014] Argent, Barratts, CapCo, and FarEastCon: "Barnet announces Brent Cross Cricklewood shortlist" (to continue its post-Hammerson [RIP] corrupt Brent Cross planning application)

"Barnet Council has invited four parties through to the second round of the selection process for a joint venture partner to develop Brent Cross Cricklewood South.

"Six expressions of interest were received from companies and consortia interested in working with the council to bring forward the scheme.

"As part of the [corrupt planning application] consent for the comprehensive redevelopment of the area - including the transformation and expansion of Brent Cross Shopping Centre into a retail, dining and leisure destination - the circa 95 hectare site to the south of the North Circular has outline planning permission for 15 million square feet of development including 7,500 new homes.

"The shortlisted parties/consortia are:
  1. Argent (Property Development) Services LLP and Related Companies LP

  2. Barratts and London & Quadrant Housing Trust

  3. Capital & Counties Properties PLC

  4. Far East Consortium International Limited with Countryside Properties PLC, Notting Hill Housing Trust and Southern Grove. 

"Councillor Richard Cornelius, Leader of Barnet Council, said:
“I am delighted that we have been able to take forward an outstanding shortlist. There are very few companies in the world that can operate at this scale, and we have very high expectations of our future partner. [Whereas, THEY have no illusions about ...]

Our ambition is to create a place where owner occupiers live next to those who rent, with the doctors, schools and services they need, and with a wide range of employment opportunities.

This is an important step in creating a place of which we can all be proud.”

"The shortlisted parties will have until 29 January 2015 to submit their proposals, with the announcement of a preferred bidder expected in March 2015 [but only at the MIPIM property bash in the south of France].

"The development partner search has been facilitated by Re, the joint venture between Barnet Council and Capita."

Notes to Editors:
Cricklewood Brent Cross is one of London’s major regeneration schemes and is among the most significant planned new developments in Europe.

The wider regeneration scheme will deliver a new town centre for Barnet and north west London, creating up to 27,000 jobs and acting as a catalyst for future economic growth.

The transformed Brent Cross Shopping Centre will have space for new shops, restaurants and leisure to make it the heart of the new town centre, both during the day and in the evenings.

As well as the proposed 7,500 new homes, the redevelopment of Brent Cross Cricklewood will provide three rebuilt local schools, new health facilities and high quality parks and open spaces.

It will support all the elements of a thriving town centre with a transformed Brent Cross Shopping Centre forming the heart of a new retail and leisure district [across a 10-lane motorway. but hay-ho].

More than £400m will be invested in transport infrastructure including new roads, increased capacity at key junctions and the creation of a new, additional station on the Midland Mainline and Thameslink lines.

Rapid and efficient links [using the cancelled rapid transit system] will be created between Cricklewood Station and the new rail station, along a new High Street to the enhanced Brent Cross shopping Centre [inconsistent Capitals there, chris] and through to Brent Cross tube station.  This will represent a step change in the accessibility of the area by public transport.

The redevelopment of Brent Cross Shopping Centre is being undertaken by Hammerson Ltd and Standard Life Investments [so when the useless transport assessment estimates fall apart, they will be long gone!]

The London Borough of Barnet and a development partner will take responsibility for developing the southern side of the site [because Hammerson and Standard Life, like Multiplex-Brookfield before them, are clearing off].

Contact media officer: Chris Palmer in the media team.

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