Cornerstone inks land-for-schools deal
16 October 2012
Cornerstone Property Assets has announced an innovative deal to upgrade 11 primary schools in a £22m agreement.
Enfield Council has chosen the company as the delivery partner for the scheme, which will see contractors Kier and Willmott Dixon, modular building specialist Yorkon and architect Surface to Air delivering the work to increase capacity by 2,400 pupil spaces.Under the plans, Enfield Council will provide investment through the Basic Need Funding programme, which will be supplemented by a land sale to Cornerstone of a transport depot that is to be decommissioned.
That land will then be redeveloped for residential use, subject to planning permission.
A consultation on the council’s proposals will now take place and if they are given the go-ahead, work will begin next spring.
"Although nothing has yet been decided we have taken the rational step of appointing a development partner at this early stage to minimise delays to this project,” said Councillor Ayfer Orhan, the council’s member for children’s services.
“Enfield is taking a highly innovative approach to addressing their shortfall, and subject to the consultation, we very much look forward to working with them to create the additional places in safe, secure facilities in time for the new school year in 2013,” added Cornerstone chief executive Tim Byles.
