Inland has announced the unconditional purchase by a 5050 joint venture with an unnamed third party of a site of approximately 13 acres, which includes the former Tesco headquarters building.
The 13 acres forms part of a wider 20 acre site that Inland expects to be selected as the planned location for a major new urban village of up to 1,000 homes, delivering employment opportunities and extensive community facilities.
Stephen Wicks, CEO at Inland Homes, said: “This is an important acquisition of a prime, well-located site where the local authority is supportive of regeneration and where Inland Homes can bring its considerable experience to bear to potentially create a new exciting and well-planned urban village.
"Cheshunt fits all our location requirements, situated close to junction 25 of the M25 and having a fast mainline train service to London Liverpool Street station, as well as being on the route of the proposed Crossrail 2.”
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