Haringey Development Vehicle

The Mayor and Burgesses of the London Borough of Haringey (the "Contracting Authority") are seeking to procure a strategic investment and development partner to establish the Haringey Development Vehicle (the “HDV”) which is anticipated to be a joint venture vehicle partnership between the Contracting Authority and a private sector partner or consortium. The London Borough of Haringey (the “Borough”) has huge potential for growth and is today seen as London’s next big growth opportunity. The Contracting Authority, in establishing the HDV, intends to facilitate estate renewal and brownfield regeneration to promote growth in jobs and housing on its land and to improve wider social and economic outcomes in the Borough. The Contracting Authority’s aim is that the HDV will drive development and deliver its goals – through innovative and financially sustainable development schemes. Overall, the HDV is intended to drive forward plans for at least 5,000 new homes and thousands of jobs on land owned by the Authority, creating more than £2 billion of development value. The Contracting Authority will commit assets and development sites to the HDV. The use of private sector funding and expertise will act as a catalyst in regenerating key areas in the Borough.