BlackRock Real Assets and Neat Developments have received planning consent for an £800m development at Colosseum Retail Park in Enfield, north London.
Enfield’s planning committee was tied 5:5, with chair Sinan Boztas casting the final vote to approve the 1,600-home development at the out-of-town retail park.
The hybrid application includes detailed plans for the first phase, comprising four buildings of up to 29 storeys, with 444 flats and 62,000 sq ft of commercial floorspace with a work hub. There will be 197 build-to-rent flats in the tallest tower, with 121 market for sale and 126 affordable homes.
Outline plans allow for up to 1,800 homes across 1.5m sq ft, but with an illustrative scheme of 1,587 homes valued at £792m. It includes 17,000 sq ft of flexible commercial space with retail, business and a healthcare facility, as well as 166,500 sq ft of public realm.
This would be built across six plots on the 10-acre site and include 35% affordable housing by habitable room.
Colosseum Retail Park is currently home to 161,500 sq ft of big box retail and leisure uses, including B&Q, Buzz Bingo, Dunelm and KFC.
The first phase of development, called The Heart, will begin when B&Q’s lease expires, with more BTR expected and the tenures to be decided in phases.
To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette
