Home Commercial News B&K secures Hertfordshire town centre scheme worth £400m

B&K secures Hertfordshire town centre scheme worth £400m

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Bowmer & Kirkland property arm Peveril is set up as a joint venture with retail developer Sovereign Centros to succeed the development partner role for a Hertfordshire’s £400m town centre retail and leisure scheme.

The delivery of masterplan and phase one hub for Brookfield Riverside will be done by the partnership. Alongside, a planned new town centre for Broxbourne and its local area in Cheshunt are in the list of works for the associates.

A new retail and leisure development just outside the M25 will anchor a bigger garden village will be accomplished in the scheme. Besides, the Borough of Broxbourne and Hertfordshire County Council are driving forward the plans to create 230,000 sq ft of retail space.

The plan from B&K also includes development of 250,000 sq ft leisure and a new 100,000 sq ft civic headquarters, as the council reveals. Sovereign Centros was picked by the council 18 months ago to lead the scheme but now Peveril has now joined to help fund the new joint venture developer.

Brookfield Garden Village, a 1,250-home scheme to the north of the planned Riverside shopping and leisure development are the key constructions in the site as a part of a 330-acre development plan.

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