Barnet Council has invited four parties, including Capco and Argent, through to the second round of the selection process for a joint venture partner to develop Brent Cross Cricklewood South.
Six expressions of interest were received from companies and consortia interested in working with the council to bring forward the scheme.
As part of the consent for the comprehensive redevelopment of the area – including the transformation and expansion of Brent Cross Shopping Centre into a retail, dining and leisure destination – the circa 95 hectare site to the south of the North Circular has outline planning permission for 15 million square feet of development including 7,500 new homes.
The shortlisted parties are Argent, Barratts and London & Quadrant Housing Trust, Capital & Counties Properties, and Far East Consortium International with Countryside Properties, Notting Hill Housing Trust and Southern Grove.
Councillor Richard Cornelius, Leader of Barnet Council, said: “I am delighted that we have been able to take forward an outstanding shortlist. There are very few companies in the world that can operate at this scale, and we have very high expectations of our future partner.
“Our ambition is to create a place where owner occupiers live next to those who rent, with the doctors, schools and services they need, and with a wide range of employment opportunities.
“This is an important step in creating a place of which we can all be proud.”
The shortlisted parties will have until 29th January 2015 to submit their proposals with the announcement of a preferred bidder expected in March 2015.
The council hopes the wider regeneration scheme will deliver a new town centre for Barnet and north west London, centred on a revitalised Brent Cross Shopping Centre, creating up to 27,000 jobs and acting as a catalyst for future economic growth.
As well as the proposed 7,500 new homes, the redevelopment of Brent Cross Cricklewood will provide three rebuilt local schools, new health facilities and high quality parks and open spaces.
The redevelopment of Brent Cross Shopping Centre is being undertaken by Hammerson and Standard Life Investments.