The two developers will produce detailed designs for the £4bn, 1 million sq ft extension project by the end of this year for the “biggest investment in the area’s history”, according to Hammerson and Standard Life.
The current plans include the constructionof 7,500 homes, new offices, four parks, transport improvements and an extension of Brent Cross Shopping Centre.
There is a possibility that the construction of the first phase which will double the size of the shopping centre in Hendon could start before the end of 2015.
The first phase includes covering streets and spaces in and around Brent Cross in a transparent canopy to create a protected retail, dining and leisure space, consequently boosting recruitment of qualified construction workers.
Mike McGuinness, Hammerson’s development director said: “Clearly we are delighted with this decision. It is a major step towards the delivery of a thriving new town centre and a complete transformation of the area.
“Brent Cross Cricklewood will bring a significant amount of investment into Barnet, in the form of new homes, new jobs, school facilities, parks and millions of pounds worth of transport improvements. It will also secure the future of Brent Cross, which will become a truly great place to shop, eat, enjoy and spend time, both during the day and into the evening.
“There is still a lot of work to do of course but it is exciting to be able to proceed to the next stage, working with local people on the details of the scheme and creating the best possible future for Brent Cross Cricklewood.”
James Stevens, head of UK development at Standard Life Investments said: “The committee’s decision is fantastic news and a major achievement. There’s still a great deal to accomplish, but we are one step closer to realising our aspirations for a new vibrant urban quarter anchored by a world class retail and leisure offer.”
Photo: Kilburn Times