LONDON—Argent Related has been selected to deliver a 192-acre site at Brent Cross South in partnership with Barnet Council. The site sits immediately south of the Brent Cross Shopping Centre, which will be significantly transformed over the next few years. Argent Related will enter into working agreement with Barnet Council for the prject The bid success is an endorsement of the partnership between the UK's Argent, and US-based Related Companies parntership formation that was reported by GlobeSt earlier this week. This will be Argent Related's first major project.
The site has existing planning permits for 4.2 million square feet of commercial space, 6.8 million square feet of residential (approximately 7,500 new homes), 660,000 square feet of industrial, 115,000 square feet of leisure (including three re-built schools), 350,000 square feet of retail and many new public squares, parks and fields.
“Our combined Argent Related team worked extremely hard on the bid so it is very gratifying to win, especially against such qualified local and international competition,” said Kenneth Wong, joint CEO of Argent Related. “We share Barnet's vision of creating a vibrant, living town centre and look forward to the collaboration ahead.”
The selection of Argent Related was ratified by Barnet Council on Tuesday. It follows a two-stage OJEU bid process and a shortlist of four development teams.
David Partridge, joint CEO of Argent Related, said, “Our team has a track record of significant urban placemaking and delivering large-scale mixed-use developments. We are delighted to have been chosen as the team to deliver Brent Cross South, and will work hard to create the successful, exciting, lasting piece of city the area deserves.”
The two firms will work together to develop sensitively and sustainably, breathing new life into this part of north London and benefiting existing business and residential communities by providing new public spaces and amenities, while also delivering a significant contribution to the new homes and offices that London needs.
Work is expected to start on the site in 2017.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
