More than 10 firms submitted bids to Enfield Council, which then whittled the list down to Galliford Try, L&Q, Peabody and Redrow.

The first 725 homes will be built around the new Meridian Water train station, alongside new public spaces, shops and leisure facilities.

Meridian One is one of the first sites being offered for procurement via the GLA’s new London Development Panel to potential developer partners, accelerating the delivery of hundreds of new affordable and private homes.

Outline planning consent is already in place for these new homes, with construction enabling works having already started two years ago.

Enabling works underway for Meridian Water which will ultimately provide 10,000 new homes

The first homes will be delivered around the brand new Meridian Water train station, which is due to open in summer 2019.

Councillor Nesil Caliskan, Leader of Enfield Council, said of the shortlist: “This is another clear demonstration of the progress we’re making at Meridian Water and the confidence the development community has shown in the Council to deliver one of London’s most exciting regeneration projects.

“It is the Council’s aspiration to create a new destination where local residents and Londoners can afford to live in a vibrant and exciting setting.

Completed scheme in Upper Edmonton

“By taking control of the vision for Meridian Water and overseeing its delivery, we are now able to select the right development partner for each phase and accelerate the delivery of the first housing site at Meridian One.”

An announcement on the chosen development partner will likely be made in spring 2019.

Progress is also being made on bringing forward a further housing site for Meridian Two at Leeside Road, which will deliver 200 affordable homes, earmarked for ‘makers and creators’ that will use new workspaces on the lower floors.

This will be complemented by a new employment hub for around 900 new jobs at a 2-3 acre site along the North Circular.

The council is also progressing a detailed business case for the Housing Infrastructure Fund, which if secured in full, will see £156m of government funding to connect all parts of Meridian Water to the new train station.