The investment proposition:
There will be multiple investment opportunities through the 15+ year delivery lifecycle of Brent Cross Town.
£148m secured from Homes England in December 2020 to fund the land assembly and infrastructure.
A joint venture between Related Argent and Invesco Real Estate formed at the end of 2022 to deliver £600m of Gross Development Value, including 800 homes as well as retail by 2025.
Green Loan financing, which is lending dedicated to sustainable projects, including a £97m green construction loan provided by LaSalle Investment Management and a £62.7m green construction loan provided by NatWest.
A joint venture formed in May 2024 with NTT UD Europe Limited, a subsidiary of leading Japanese telecommunications company NTT, to deliver the third Build-to-Rent development at BXT, which will create over £200m of GDV and bring a further 226 rental homes across three blocks.
Brent Cross Town is a 180-acre park town development being delivered by Related Argent, in partnership with Barnet Council. One of Europe’s largest net-zero regeneration projects, this pioneering mixed-use new town is set alongside 50 acres of parks and playing fields.
Brent Cross Town is guided by four pledges: to be London’s home for participation in sport and play; to be a place where all can flourish; to be a net zero carbon town by 2030; and to drive new physical and social connections.
Brent Cross Town is gaining significant momentum. The new mainline train station Brent Cross West is open and connects Brent Cross Town with St Pancras International in as little as 12 minutes. Seven buildings are under construction comprising over 930 homes across a mix of tenures, with the first residents moving into the town in Autumn 2024.
In Spring 2024, construction started on the first office building, 3 Copper Square, located next to Brent Cross West station in the heart of the town’s business and innovation district. Sheffield Hallam University will open its first satellite campus outside Yorkshire at Brent Cross Town, and a joint venture between Audley Group and Senior Living Investment Partners (Octopus Real Estate and Pension Investment Corporation) will create later living apartments with around 150 homes.
