Brent Cross Town secures €111.7m green loan from LaSalle
Transactions - NOVEMBER 7, 2023

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Brent Cross Town secures €111.7m green loan from LaSalle

by Andrea Zander

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

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