The Enfield Council approved a 250-year lease for Deutsche Bank at Palace Gardens Shopping Centre, enhancing future site development. Cllr Tim Leaver emphasized not only financial benefits but also the potential for community-oriented, low-carbon growth in Enfield. The lease aligns with the council's town masterplan, addressing community safeguards and ensuring environmental standards. Despite past opposition to a proposed tower block, this agreement aims to promote long-term viability and improved public amenities without immediate disruption to existing retail tenants. Overall, the decision represents a commitment to high-quality development in the area.
The new lease itself is favourable to us in terms of income stream, which is great, but it's not just about the money, it's about the place.
That was important to us. That was to ensure the community benefits, that we get the environmental standards we're looking for.
This actually allows us to see development within Enfield Town and this moves us to having a town that hopefully will see high quality, low carbon development.
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