Haringey confirms Lend Lease appointment for joint venture development vehicle
A special meeting of Haringey Council’s cabinet has confirmed the controversial appointment of Lend Lease as its preferred partner in a new joint venture development vehicle.
The appointment had faced stiff opposition from trade unions opposed to the move; some councillors had opposed the original decision to appoint the property developer back in February. The decision was called in for consideration by the council’s scrutiny committee earlier this month.
However, following the special cabinet meeting earlier this week, Haringey has confirmed its decision to appoint Lend Lease as its preferred partner in the Haringey Development Vehicle (HDV), which will take charge of regeneration efforts intended to deliver thousands of new homes and jobs across the borough.
“Confirming Lend Lease as our preferred partner is a major step forward for our plans to deliver homes, jobs and opportunities for local people,” said Councillor Alan Strickland, the council’s cabinet member for housing regeneration and planning.
“A 50:50 partnership approach means we stay in control over how council land is developed while sharing the profits, which can go back into further regeneration, affordable housing and funding the services we provide to residents. We now look forward to working with Lend Lease over the coming months to work out the details of the partnership.”
Haringey and Lend Lease will now enter into discussions about how the regeneration partnership will operate and be managed, before a final decision on whether to proceed with the HDV is made by the council in the summer.