Sovereign Centros selected for £400m mixed-use development in Cheshunt, Hertfordshire
Broxbourne Borough Council and Hertfordshire County Council have selected Sovereign Centros as their development partner for a £400m mixed use scheme at Brookfield Riverside, Cheshunt, Hertfordshire.
Sovereign Centros’ appointment follows a competitive tendering exercise run by the councils’ advisers, Cushman & Wakefield. The scheme will include a range of leisure facilities, including a cinema, as well as employment space, homes and shopping; all in a high-quality, sustainable location.
Sovereign Centros chief executive Chris Geaves said: “This is an amazing opportunity to develop in a very underdeveloped and untapped segment of the country on the edge of London to create a development which is really different to that anywhere else in the UK.
The mixed use nature of the scheme will be hugely appealing and it will recognise and address in particular how retailing and leisure is changing and provide something which is totally appropriate and relevant but equally exciting. We are really looking forward to taking it forward”.