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ING to Fund Enfield Retail Scheme

LONDON - Dutch investor ING has agreed to fund Laing Property's town centre scheme in Enfield, north London.

By Graham Parker | Updated on May 03, 2001

LONDON – Dutch investor ING has agreed to fund Laing Property’s £50m town centre scheme in Enfield, north London. ING has been involved in retail development across Europe, and it will take on the role of development partner in Enfield.

The new joint venture company has now signed a development agreement with the London Borough of Enfield enabling work on the scheme at the Cecil Road and Sydney Road car park sites to proceed. Construction is expected to start in late 2002 with completion in late 2003.

The 250,000 sq ft scheme will provide 23 units in open malls and the development also includes a 4,180 sq m library and a arts centre. A multi-level car park will provide 550 spaces.

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