A £500 million regeneration project has been green-lit for a Hertfordshire town.
The Brookfield Riverside development in Broxbourne and a new Garden Village in Cheshunt have been approved by Hertfordshire County Council (HCC).
The schemes will be delivered by Bowmer & Kirkland’s property arm, Peveril, and joint venture partner, retail developer Sovereign Centros.
Both developments are part of the wider Brookfield masterplan, delivering 1.1 million sq ft of mixed-use town centre development and 1,500 residential properties overall, including affordable units.
Brookfield Riverside new town centre includes:
- 250 apartments
- Parking for 2,000 vehicles
- Retail and leisure space
- Restaurants and bars
- A new hotel
- Assisted living quarters
Brookfield Garden Village will see 1,250 new homes built, as well as a primary school and community centre.
A new cinema is also featured in the scheme.
Improvements to highways and junction infrastructure will be carried out, as well as construction of new cycling and pedestrian routes to Cheshunt.
The schemes are earmarked for land north of Junction 25 of the M25, alongside the A10.
Architects for the development are Lyons+Sleeman+Hoare.
Construction is expected to start next year.
“This is a transformative urban regeneration project that will boost employment and economic opportunities in the region,” said Chris Geaves, chief executive of Sovereign Centros.
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