Related Argent and joint venture partner Invesco Real Estate have appointed the main contractor and secured the debt finance for the development of Brent Cross Town’s second build-to-rent (BTR) building, enabling construction of 286 new homes.
Galliford Try will deliver the homes and more than 1,579 square meters (16,996 square feet) of amenity and retail space, while €111.7 million ($119.2 million) debt financing is provided by LaSalle Investment Management, further building on the significant momentum at €9.2 billion ($9.8 billion) net-zero park town in London.
Brent Cross Town is committed to sustainable development, with a new building financed through a green loan structure. It features low-carbon heating and cooling supplied by an electric district network in collaboration with Vattenfall. The building aims to minimize construction waste and embodied carbon through efficient off-site manufacturing and deliver a net gain in biodiversity. Brent Cross Town
