Cheshunt, Brookfield Riverside

Retail Asset Managers | Sovereign Centros
One of the last remaining major out of town opportunities in the UK. Plans propose a major new town centre, out of town in this sustainability focused project.
  • 57-acre site directly adjacent to the A10, 3 miles north of Junction 25 of the M25
  • Primarily greenfield site with some existing uses such as the New River trading estate
  • Major comprehensive development proposed to create a new town centre concept for Hertfordshire

Business Plan & Achievements

Sovereign Centros are in a development partnership with Peveril Securities.

The parties were appointed by Broxbourne Borough Council and Hertfordshire County Council as their development partners following a competitive tendering process.

Development agreement signed.

Plans propose a major mixed use new town centre. The concept envisages a total of 900,000 sq ft with an appropriate mix of retail, leisure, residential, office and hotel uses.

Sustainability is at the core of the development principles, together with a minimum biodiversity net gain of 10%.

Planning application submitted. Consent expected in March 2023.

The site was allocated in June 2020 as a new town centre location within the local plan adjacent to the development of a new garden village of over 1,250 residential units.

Pre-leasing discussions in progress with key tenants.