Ballymore links up with TfL for Edgware revamp
Ballymore and TTL Properties, Transport for London’s commercial property arm, are combining their landholdings in Edgware to enable a major redevelopment of the north London town centre.
The 7.5-acre Broadwalk shopping centre – acquired by Ballymore in 2020 – is key to unlocking the regeneration of the town centre and through working with TfL, which owns much of the neighbouring land including the bus station and bus garages, will finally allow the project to move forward.
The development will deliver an improved bus station as well as garages, and will make it even easier to travel around Edgware while accessing the main shopping and residential areas.
Ballymore and TTL Properties, Transport for London’s commercial property arm, are combining their landholdings in Edgware to enable a major redevelopment of the north London town centre.
The 7.5-acre Broadwalk shopping centre – acquired by Ballymore in 2020 – is key to unlocking the regeneration of the town centre and through working with TfL, which owns much of the neighbouring land including the bus station and bus garages, will finally allow the project to move forward.
The development will deliver an improved bus station as well as garages, and will make it even easier to travel around Edgware while accessing the main shopping and residential areas.
Ballymore will hold a majority stake in the strategic partnership.
Ballymore group managing director John Mulryan said: “We have long been committed to partnerships, working successfully with organisations to create new homes and mixed-use communities across London. Edgware, with its amenities and public transport connections, is a town with huge potential, but the changing face of the high street requires a new approach.
“We are looking forward to collaborating with TfL and Barnet Council to deliver our shared vision of creating an outstanding place for modern urban living, with thriving commerce, new and integrated public spaces, improved connectivity and public transport, new leisure and cultural offerings and a variety of new homes.”
Peter Elliott, head of property development at Transport for London, said that together the two land owners would be “delivering high-quality new homes and improved retail space alongside other benefits for the local community, including better transport facilities, public realm and community and leisure amenities”.
Stephen McDonald, director for growth at Barnet Council, added: “We are pleased to see this project take another step forward – a crucial part of the council’s overall plans to reinforce and enhance Edgware’s status as a major town centre to better serve the needs of those living and working here.”
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Image © Ballymore
