Galliford Try wins first phase of £6bn Lea Valley regeneration

Galliford Try Partnerships has been selected by Enfield Council to build the first 725 homes at the £6bn Meridian Water development in the Lea Valley, northeast London.The first phase, Meridian One, is located around the new Meridian Water train station and includes a high proportion of affordable homes as well as new public squares, shops and leisure facilities. The first new homes are expected to be available in 2022.Outline planning permission is already in place for the new homes, with construction enabling work having started in January 2017.Over the next 20 years the regeneration scheme is expected to deliver 10,000 new homes with a gross development value of £6bn.In all, 17 developers and housing associations expressed an interest in delivering Meridian One; 10 submitted bids and four were shortlisted – Galliford Try, L&Q, Peabody and Redrow.