Commercial Finance Specialists

The North London Waste Authority (NLWA) is set to invest in more strategic infrastructure following the acquisition of LondonWaste from SITA UK.

Commercial property investment in new facilities will help the authority to deliver its recycling waste-led strategy across seven north London boroughs.

The strategy, which will be effective across councils including Barnet, Camden, Hackney and Islington, is expected to save £200 million in waste disposal costs over 25 years.

Commenting on the acquisition, chair of the NLWA Clyde Loakes explained that the organisation's property investment will be a significant step towards a 21st century waste management solution for the capital.

He said: "In particular we are looking to LondonWaste to continue to provide a service as we secure a new contract and the investment in new facilities essential to meeting our ambitious plans for substantially reducing the amount of waste that goes to landfill.

"And in the longer term, with the right facilities and services in place, we will significantly reduce north London's carbon footprint - in an affordable way."

The announcement of the boost to the new strategy comes after the chief executive of the UK Green Building Council Paul King suggested that private commercial developments should be subject to the same environmental disclosure requirements as public buildings.