After almost ten years of negotiations Planning has been granted for the £45bn regeneration project in North West London. The area borders north at the Brent Cross Shopping Centre, east and west boarders spanning from the A41 Hendon Way to the A5 Edgware Road and South to Cricklewood Lane.
The vision is to take on one of the biggest regeneration projects in London to improve its North West towns. The scheme will see more than £515m of the investment spent on committing to the section 106 such as transport in the area including developing a new midland mainline station in order to deal with the increase of people travelling to and from the area.
Another £200m to improve the local roads - £50m of this being spent soley on developing Staples Corner to improve the flow of traffic - and getting you home quicker! There will also be £109m spent on improvements to schools and healthcare institutes.
The move will create new housing – "7500 high quality homes, including significant numbers of new affordable homes and a wide range of unit sizes so local people can stay close to their families." There will also be 27,000 jobs created throughout and after the project.
The works are due to commence sometime between 2014 and 2015.
London Property News
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