Sovereign Centros and Peveril Securities to build new garden village and town centre in Cheshunt
A Hertfordshire borough council has given outline permission for a new town centre development and garden village which together will deliver 1,500 homes.
Broxbourne Borough Council on Tuesday gave outline permission for a joint venture consisting of developers Sovereign Centros and Peveril Securities, along with Hertfordshire and Broxbourne councils, to build a new mixed-use garden village in Cheshunt.
The garden village development includes 1,250 new homes, 40% of which are expected to be for affordable tenures, including later living accommodation. The project will also include a neighbourhood centre, community facilities, and a new primary school and nursery. Under the scheme an existing trading estate, recycling centre, gypsy site and allotments will be demolished and replaced with new facilities.
The council also approved the adjacent £500 million Brookfield Riverside development in Cheshunt, which will create a new town centre including 250 homes, 100 assisted living units, and up to 315,000 sq ft of retail, 250,000 sq ft of leisure, restaurants and a cinema and 160,000 sq ft of offices including a new civic .
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Chris Greaves, chief executive of Sovereign Centros, said: This is a transformative urban regeneration project that will boost employment and economic opportunities in the region. It is one of London and the south east’s last regeneration opportunities on this scale and will create a new heart for shopping and leisure in this superb location.
“The local community’s feedback has been vital in shaping our plans for the new town centre and we are excited about the next phase in delivering the scheme.”
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