The plans for the long-awaited redevelopment scheme in South Oxhey could be submitted in December, it has emerged.

Last night, Countryside Properties Limited and Home Group were selected as the preferred developer to regenerate the precinct in South Oxhey.

Councillors held a private meeting at Three Rivers District Council, where the decision was finally made last night on who would be responsible for coming up with the plans.

Three Rivers District Council and the developers are now set to refine their proposals and a public consultation will be held later this year.

The contract is expected to be signed in September and a planning application could be submitted in December.

Councillor Ann Shaw, leader of the council said “This is good news, bringing the provision of new, high quality, homes and shops closer.

“The Council is delighted that it will be moving forward with Countryside and Home Group, organisations with proven track records of successfully delivering such regeneration schemes.”

Around 500 new homes are expected to be built as part of the scheme and these will include a “range of apartments and family sized houses”.

A market square could also be introduced and better links will be created to Carpenders Park station.

A bank, a supermarket and a post office are also set to be included in the scheme, according to councillor Matthew Bedford.

Mark Henderson, Home Group chief executive, said: “This announcement is the first stage of an exciting project for the people of South Oxhey. As one of the largest housing providers in the UK, Home Group is very experienced in regenerating communities.

“The work we will do with Countryside and the Council will not only benefit hundreds of families with modern, energy efficient homes but also benefit the wider community.”

Richard Cherry, Chief Executive of Countryside’s Partnerships division said “We are delighted to have been selected by Three Rivers District Council to regenerate central South Oxhey.

"Our strong focus on working in partnership also extends towards residents and all stakeholders involved in the process.

Countryside and Home Group will deliver first class housing for South Oxhey’s local residents as well as help to serve as a catalyst for the revitalization of the whole neighbourhood.”