The majority of the site will be purchased from Ropemaker Properties for an undisclosed sum and is subject to the site’s inclusion in the final East of England Plan, which is expected to be released later this summer.

The joint venture plays to the strengths of both organisations, combining the large scale regeneration and development expertise of Land Securities with Places for People’s experience in developing and managing residentially led, mixed use, sustainable communities.

Mike Hussey, managing director London at Land Securities, said:

“This opportunity stems from the strategic importance and the long-term prospects for
London and the south east over the next 20 – 25 years. The joint venture allows us to work with Places for People, experts in the delivery and management of housing, to develop an important site recognised by Government as an area for potential population growth.”

David Cowans, group chief executive at Places for People added:
“As one of the UK’s largest housing, regeneration and property management groups,
Places for People offers a complete range of housing tenures, along with social economic facilities such as schools, jobs and quality green space. We look forward to combining our skills with Land Securities experience in large scale development to deliver sustainable communities in the area north of Harlow."

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