Galliford Try and Midgard have been chosen by joint venture developers Related Argent and Invesco Real Estate to carry out two significant residential developments at the Brent Cross Town regeneration scheme in north London. Galliford Try will construct 249 private rental dwellings and amenity spaces over three new blocks as part of a £75 million deal. The joint venture has received a loan capital facility from ICG Real Estate, reports Construction Journal.
The developer joint venture has also chosen Midgard, a member of the JRL group, to construct The Ashbee, a market-sale residential building with 107 new houses in addition to the new BtR dwellings. Barclays Bank supplied the joint venture’s debt capital facility. Another market sale building, The Delamarre, with 170 homes for the joint venture, is already being delivered to the site by Midgard. Also, the company is collaborating with Related Argent, Barnet Council, and L&Q to build 120 new affordable houses.
Squire & Partners served as the architects for both the BtR building and The Ashbee. The interiors of the new BtR residences are being designed by Conran & Associates, while Woods Bagot is designing the interiors of The Ashbee. The 180-acre Brent Cross Town regeneration project, which is being carried out in collaboration with Barnet Council and Related Argent, includes the new BtR houses. Five buildings are currently under development at Brent Cross Town, and they will all be finished by the end of 2024, adding to the area’s growing momentum.