Potters Bar Office Blocks Sold for Redevelopment

The land is allocated for mixed-use development in Hertsmere Borough Council’s draft Local Plan – potentially including up to 265 homes and approximately 26,910 sq ft of office and retail space.

The site currently includes two substantial office blocks – six-storey Canada Life Place and 13-storey Maple House – alongside 11,400 sq ft of mixed-use buildings, including two parades of shops with flats above, a 5,000 sq ft car wash and a large car park.

Chase New Homes has now selected a design team for the site and – based on initial concepts – it is hoped it should deliver a minimum of around 90 affordable homes and 170 market sale homes; with an element of new commercial space.

Advised by the development team at Savills in Cambridge and purchased for an undisclosed sum, site owner financial services provider Canada Life and Chase New Homes have agreed a deferred completion date in 2026.

Joe Last, Associate Director in the development team at Savills Cambridge, said: “We are delighted to have exchanged contracts on this landmark site. Its redevelopment represents an exciting opportunity to deliver sustainable growth in the shape of high quality residential, retail and commercial uses in a prime location, and will significantly contribute to the supply of much-needed new homes in the local area.

“Chase New Homes are a leading regional housebuilder with a reputation for delivering high quality homes. From the outset they demonstrated a willingness to meet the requirements of the site owner – offering a flexible solution that was to the benefit of all parties. We look forward to seeing how the new scheme comes to fruition.”

Nick Harding, Chief People Officer at Canada Life UK, said: “Canada Life has a long history in Potters Bar, and we were committed to finding a partner that shared our ambition to transform the site into a sustainable and attractive development that brings long-term benefits to the area.

“Chase New Homes has a strong track record for delivering exceptional developments in and around Hertfordshire, and a plan that will meet the housing and commercial needs of the local community. We would like to thank both Chase New Homes for partnering with us on this exciting opportunity, and the Savills team for their support with the sale.”

Gary Barton, Managing Director of Chase New Homes, said: “We are all extremely excited to be working on such an iconic site in Potters Bar and to add to our growing list of successful developments that we at Chase are very proud of delivering. We pride ourselves in creating schemes that not only enhance the area but also deliver an exceptional lifestyle living experience.’’