Property developer HBD is on course to deliver a major regeneration project across the 27-acre Montagu Industrial Estate in Enfield, North London, after the first phase received the green light from local planners.
The scheme, named EN406, is being delivered in a joint venture between Enfield Council and HBD.
The estate is a key industrial site within the Enfield Borough and Greater London, located only minutes from the North Circular (A406). Currently dilapidated and under-utilised, the regeneration project aims to deliver new modern business space, acting as a catalyst for job creation.
Phase one of the new scheme will provide a multi-let scheme totaling 55,353 sq ft comprising eight high-quality, modern, industrial and warehouse units with offices. Ranging from 3,500 sq ft to 8,374 sq ft, the new build units are an ideal size for local SMEs. Construction is expected to begin in Q2 of 2020 and the units will be available for occupation early 2021.
Harry Bunbury, Director at HBD, said: “This is an important regeneration project for Enfield, offering a whole host of benefits both for the local community and for businesses looking for the space to grow.
“While this first phase focuses on providing small units for SMEs, future phases will also include larger premises, creating a thriving location for businesses of all sizes and in turn strengthening the local economy in Enfield.”
Enfield Council Leader, Cllr Nesil Caliskan, said: “Industrial and logistics businesses in Enfield play a significant part in both the local and the London-wide economy. Creating new space for these sectors to grow, whilst improving land use efficiency and broadening the range and quality of jobs for local residents, is a Council priority.
“The redevelopment of the Montagu Industrial Estate will provide buildings to meet the demands of modern businesses, which will help maximise employment opportunities for local people as well as providing income from the Council. Enfield Council is committed to supporting industry in the borough to ensure economic growth and a wider range of quality jobs for local people.”
Nick Diment, Planning Partner at Knight Frank, which advised HBD on planning, said: “Getting the green light for this major redevelopment will bring substantial economic benefits to the area.”
Headquartered in Sheffield, HBD has offices in Leeds, Manchester, Birmingham, London, Bristol and Glasgow. It is working with a development pipeline of more than £1.6bn and boasts a diverse UK-wide portfolio, comprising big-brand retail, office spaces and logistics through to residential innovation and award-winning heritage projects.
It has a strong track record in partnering with local authorities on the successful delivery of employment sites and has several such projects currently underway in the South East, including Airport Business Park Southend and Butterfield Business Park in Luton.