Montreaux has been given the green light for a £100m development at a former Fiat car dealership in Colney Hatch, Barnet.
The developer secured planning consent for 200 flats and a 20,000 sq ft Lidl on the 2.6-acre site at the planning committee yesterday (9 December).
Montreaux acquired the land for £16m from a French private investor last year.
It is expanding its presence in London and the South East with a focus on large, mixed-use regeneration of brownfield sites, with major sites in Cricklewood for 1,000 homes and Charlton, Greenwich, with a further 1,000 homes.
Damian Stalley, managing director at Montreaux, stressed the benefits of the scheme for the area, providing much-needed homes and a strong prelet anchor tenant.
He said the consent was “a product of the collaboration between Barnet, the Greater London Authority and Montreaux”.
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