Stockland Halladale has been selected as preferred developer to carry out a redevelopment and regeneration of Harlow town.
The developer’s plans for its scheme Town Centre North include an upgrade of the northern area of the Essex town and the Market Square Quarter which will reintegrate the two areas of the town with the existing town centre. The redevelopment will also comprise 500 flats, a multiplex cinema, a retail element, a 100-room hotel, leisure facilities and an a new transport interchange.
Tender process
Harlow Council launched a tendering process in February last year and initially 16 developers submitted proposals. Stockland Halladale beat three other developers to the project.
David Lockhart, executive chairman at Stockland Halladale, said: ‘Stockland Halladale has a wealth of experience in redeveloping town centre environments. This represents a flagship project for the Group and is an excellent opportunity for the Company to demonstrate its ability to deliver a project of this scale and importance.’
Masterplanning under way
The council and Stockland Halladale will now work together and with other investment partners including English Partnerships, EEDA and Essex County Council on refining development proposals and drawing up a masterplan.
A public consultation of the masterplan will be undertaken first and subject to planning permission construction could begin within the next two years.
Essex change
Harlow is currently undergoing a period of considerable change and as part of the Government’s Growth Area Funds scheme work is already underway on new housing developments with the expected addition of 16,000 houses by 2020 – 2021. It is anticipated that this will lead to Harlow becoming a sub-regional centre for which the redevelopment of Town Centre North is an integral part.
Savills and Jackson Criss advised Stockland Halladale and CB Richard Ellis advised Harlow Council and its partners.
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