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HDV | Haringey's Housing Strategy 2015 to 2020
To make best use of public land in realising regeneration and growth ambitions, the council is exploring whether and how it might establish a new development vehicle: a dedicated company that brings together its land assets with investment and expertise from one or more private partners, in a joint venture.
This would enable the council to realise its ambitions for housing on its land, while retaining an appropriate long-term stake in the proceeds of development, enabling it to reinvest in regeneration including through the Community Fund described elsewhere in the strategy.
It would also allow the council to retain influence over the pace and quality of development, which would not be possible with more traditional land deals or development agreements.
This proposal will be developed further throughout 2015, with 2016 the earliest that a vehicle could be established.
whole PDF attached
The selected developer is an Australian company, Lendlease. To be confirmed at Cabinet meeting on Feb 14th.