The scheme — which is situated adjacent to Cheshunt station and includes the former Tesco HQ — will deliver 1,725 new homes, including a minimum of 185 affordable homes.
In addition to this, the project will consist of approximately 200,000 sq ft of commercial space as well as a two-form entry primary school.
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Mark Quigley, managing director at Beaufort Capital, said: “Inland has worked up a number of excellent planning permissions on land which it has assembled over many years and will be developing thousands of residential homes and accompanying communal space.”
Inland Homes has a focus on the South and South East of England and currently has a land bank of 7,796 plots with a GDV in excess of £2bn.
“It is extremely pleasing that Beaufort will be part of Inland’s future as we explore further development funding opportunities together,” he added.
Stephen Wicks, chief executive at Inland Homes, described the facility as a “significant step forward” in the delivery of the project.
“The facility has enabled us to acquire our original joint venture partner’s 50% interest in Cheshunt Lakeside Developments Limited and enter into a beneficial arrangement with a new partner that will enable Inland to receive the majority of the development profits from this site.”