Lendlease is set to be chosen as a development partner for Haringey Council, it has been revealed.

The local authority will decide whether the contractor is to become its preferred partner for the £2 billion Haringey Development Vehicle (HDV) on 14 February.

If approved, at least 5,000 new homes and thousands of new jobs will be created across the borough.

The 50:50 HDV joint venture aims to redevelop the area over the next 20 years. It will contribute towards regeneration/growth plans, as well as delivering major transport improvements through Crossrail 2 and by the Council's wider regeneration programmes in Tottenham and Wood Green.

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The development sites proposed for the first phase of the Haringey Development Vehicle's work are the former Cranwood care home in Muswell Hill; the Council's Civic Centre, Station Road offices and Library in Wood Green; and the Northumberland Park regeneration area.

Council Leader Claire Kober said: "Growth is at the heart of our ambitions for Haringey and we aim to create thousands of new houses and jobs to give Haringey residents the opportunity to prosper and to enjoy their own home.

"Approving Lendlease as the preferred bidder for the project is a critical and exciting step towards delivering the jobs and homes that Haringey needs.

"We've chosen this joint venture approach to keep the Council and local people firmly at the heart of our plans for growth. This 50:50 partnership ensures the Council is involved in all decisions and crucially can ensure that a share of the profits goes back into other regeneration initiatives, affordable housing and funding the services we provide to residents."

(LM)