Galliford Try bags £87m Brent Cross build to rent job

Aaron Morby 6 months ago

Related Argent and Invesco Real Estate have awarded Galliford Try an £87m contract to deliver a further phase of the new build-to-rent development at Brent Cross Town, north London.

The 286 new homes are designed by Allies & Morrison, with interiors by Conran and Partners
The 286 new homes are designed by Allies & Morrison, with interiors by Conran and Partners

Having previously been awarded a contract to build 249 new homes earlier this year, Galliford Try has now secured a further 286 apartments across three blocks.

In addition, further retail and amenity space will also be created, including leisure suite with swimming pool for the major residential development, which is being delivered in a partnership by Barnet Council and Related Argent.

Galliford Try will deliver the homes and over 17,000 sq ft of amenity and retail space

Bill Hocking, chief executive of Galliford Try, said: “We are delighted to be working once again with Related Argent on one of the most significant build to rent schemes in London.

“Our business has a strong track record in producing high-quality residential developments with the sector remaining a key focus for our building business within our Sustainable Growth Strategy.”

Six buildings are now underway, the first of which will be completed from the end of 2024.

Tom Goodall, managing director of Related Argent, said: “There is strong momentum behind our BtR portfolio with our first rental homes now completed at Author King’s Cross and over 1,000 BtR homes under construction.

“Our joint venture with Invesco Real Estate at Brent Cross Town and the financing from LaSalle Investment Management is helping meet an increasing gap in the market and addressing the city’s growing demand for high-quality rental properties in vibrant places.”

Brent Cross Town is being delivered in partnership between Related Argent and Barnet Council and will create a total of 6,700 new homes, 3 million sq ft of offices, a high street and schools surrounded by 50 acres of parks and playing fields including the new 4.5-acre Claremont Park which was completed last year.

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