Property developer Lendlease has been announced as the preferred partner for the Haringey Development Vehicle (HDV).

The project will see thousands of new homes and jobs created across the borough.

Haringey Council and Lendlease will now enter into discussions about how the regeneration partnership will operate and be managed, before a final decision on whether to proceed with the HDV is made by the council in the summer.

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Cllr Alan Strickland, Haringey Council Cabinet Member for Housing, Regeneration and Planning said: "Confirming Lendlease as our preferred partner is a major step forward for our plans to deliver homes, jobs and opportunities for local people. A 50:50 partnership approach means we stay in control over how council land is developed while sharing the profits, which can go back into further regeneration, affordable housing and funding the services we provide to residents. We now look forward to working with Lendlease over the coming months to work out the details of the partnership."

(CD)