The £4.5bn Brent Cross Cricklewood scheme has been given final go-ahead following the signing of a section 106 agreement.
The plans from development partners Hammerson and Standard Life will create 7,500 homes and a new commercial quarter next to the existing shopping centre, which will be rebuilt. The scheme also involves rebuilding three schools and Cricklewood Midland Main Line railway station, and will generate an estimated 27,000 new jobs on the border of Brent and Barnet.
Labour minister John Denham had called the scheme in prior to the election for an inquiry after LB Barnet gave their consent, but new CLG Secretary Eric Pickles then reversed the call-in.
The section 106 agreement on the 20-year scheme is reported to be worth £964m, with £515.5m to be spent on transport infrastructure, £109m on community and social infrastructure (including health centres and schools), £38.5m on public open and green space, £189m on environmental measures, £200m for road improvements including around £50m at Staples Corner, £112m on cleaning up the land and waste disposal, and the replacement of Hendon waste transfer station with a scheme to create refuse-derived fuel.
Work should begin in 2014. See previous coverage.