Related Argent and Invesco Real Estate have announced two contractor appointments and finance enabling over 350 build-to-rent (BtR) and market sale homes to be built at the Brent Cross Town development in North London.

Galliford Try and Midgard, with financing from ICG Real Estate and Barclays Bank, will deliver the homes, continuing the rapid growth of one of the UK’s largest net zero towns.

Galliford Try has been appointed to deliver 249 new BtR homes with residents’ amenities across three new blocks designed by Squire & Partners. ICG Real Estate has provided the debt funding facility to the joint venture.

The start of construction of five buildings is now underway and will be completed from the end of 2024. Interiors of the new BtR buildings are designed by Conran and Partners.

In total, close to 650 affordable, market sale and BtR homes are now on-site at Brent Cross Town along with 662 student rooms in partnership with Fusion Students. 

The new contractor appointments and financing are part of the joint venture between Related Argent and Invesco Real Estate formed at the end of last year to deliver £600m of Gross Development Value including 800 homes as well as retail by 2025.

The £8Bn Brent Cross Town development, which is being delivered in partnership between Related Argent and Barnet Council will create nearly 7,000 new homes, 3 million sq ft of offices, a high street, and schools surrounded by 50 acres of parks and playing fields including the new 4.5 acres Claremont Park completed last year. 

Brent Cross Town will benefit from a new train station, Brent Cross West which is expected to open in Autumn 2023, connecting the area to King’s Cross in 12 minutes.

The new BtR offering at Brent Cross Town forms a major part of Related Argent’s portfolio of over 3,000 rental homes alongside King’s Cross and Tottenham Hale. Its first BtR development, Author King’s Cross will be completed in Summer 2023. Related Argent has plans to expand its rental portfolio beyond the 3,000 homes.

Related Argent and Invesco Real Estate have also appointed constructor, Midgard, part of the JRL group, to build the market-sale residential building, The Ashbee, featuring 107 new homes with interiors designed by Woods Bagot. Barclays Bank provided the debt funding facility for the building to the joint venture.

Midgard is already on site delivering the market sale building, The Delamarre, featuring 170 homes for the joint venture. The contractor is also building 120 new affordable homes in partnership with Related Argent, Barnet Council and L&Q.

Back to Brent Cross Town development profile.