Morden Regeneration 2020 - Underground Station

Morden Regeneration – New Funding Allocation Announced

11th December 2019
Share this post: 

In November, Future Merton the team behind the regeneration of Morden town Centre, announced to cabinet:

the council has been successful in receiving an allocation of £54.5m from the Greater London Authority’s (GLA) Land Fund to assist with the assembly of land within Morden town centre.

This is great news. But residents who have lived in the area for some time may feel that they have heard something similar before. In 2016 the council announced:

Morden is also now one of the Mayor of London’s Housing Zones, where £42m has been allocated for developers to access, subject to legal and financial due diligence. The funding from the Mayor will help kick-start development sites in the town centre.

But as the Council rightly stress, this is a hugely complex project that required the Council and TFL to form a Joint Venture Partnership (with all its legal implications) to be able to deliver the regeneration.

From a private developers point of view, this makes Morden Regeneration a much more attractive option as they will deal with one body rather than a ‘committee’ of decision-makers.

Read Merton Councils latest Morden Town Centre Update here.

Plus, stay up to date with news about Morden Regeneration by signing up to Turners Local Property Market Alerts.

 

Latest

Take part in Merton Park Heritage Trail from Sat 21st Aug - Sun 12th Sept. A trail of historical images around Merton Park and Morden Town Centre. Organised by MPWRA.
Merton Civic Centre, 21 August, 12 - 4.30pm FREE open day featuring talks, displays, children’s crafts and stalls from museums, heritage and community groups. You can also take a selfie with the F A…
Post lockdown Estate Agents are open once again but with headlines ranging from record 'online viewings' to the 'market is doomed' both sellers and buyers are wondering, 'Sh…
Want to know what's happening to the Housing Market Post Lockdown? Turners Estate Agents take a lighthearted but informative look at the Fake News & Facts that are circulating right now.
Despite a global pandemic dominating news headlines for over 12 weeks many people are surprising unaware of the viewing guidelines that are now in place for all estate agents in England. Turners have…