Lovell signs £50m Enfield town regen deal
Lovell has signed a £50m contract with London Borough of Enfield to build a mixed use regeneration scheme at a key town centre site in North London.
The Electric Quarter Scheme in Ponders End will transform the area with new homes alongside new commercial and retail space off the High Street and Queensway.
Subject to the proposals completing the full planning, construction work will not start next year on the 250-home regeneration project.
All the new homes will be built to high energy-efficiency standards, achieving Level 4 of the Code for Sustainable Homes.
Key elements include the revitalisation of the High Street frontage with new shops and a new home for the Ponders End Library.
Lovell regional director Peter Taylor said that the firm aimed to draw at least a third of its construction workers from the local area.
The Electric Quarter scheme is named in honour of electric light bulb inventor Joseph Swan who lived on Ponders End High Street.
The architects are Karakusevic Carson with Maccreanor Lavington.
Aaron Morby | Mon 22nd September | Construction Enquirer