Argent Related, the combined of UK developer Argent and United States-based real estate group Related Companies, together with Barnet Council, has unveiled plans for the new £5 billion park town project, 180-acre North London neighbourhood, Brent Cross Town.
Brent Cross Town will be a new park town for London and will establish a new standard for large-scale urban regeneration, said the company in a statement.
Brent Cross Town is the neighbourhood at the heart of the Brent Cross Cricklewood regeneration programme. It is a joint venture between Argent Related and Barnet Council to develop a large-scale mixed-use development including new homes, retail and office space, as well as improved schools and greenspaces in the area.
Early work started on site in early 2020 and construction is also underway on the new Brent Cross West station which will be completed by the end of 2022.It is anticipated that the first phase of homes and offices will be occupied from 2024.
The new neighbourhood will provide 6,700 homes, state-of-the-art workspace for over 25,000 people, and pedestrian friendly streets and squares with local shops and restaurants that will complement the offer at Brent Cross Shopping Centre. The community will be supported by first-class public transport infrastructure, a new and improved network of walking and cycle routes and a series of new parks and other amenities.
“This is an exciting moment for us and our partners at Barnet Council. After several years of careful thought and planning it’s a real privilege to set out our vision for Brent Cross Town, a park town that will support the future of London. We will demand the highest commitments to health and wellbeing, sustainability and ensuring flourishing and connected communities – which will be measured with our pioneering Flourishing Index. With so many aspects of our society undergoing change, we will strive to ensure that Brent Cross Town meets the evolving needs of people, business and the environment,” said Nick Searl, Partner of Argent Related and Joint-Lead for Brent Cross Town.
“By combining our global development experience and local insights, Argent Related will set new standards of urban regeneration on this scale. We are establishing an ambition for a thriving new town centre that will both inspire and pioneer future ways of living and working and, importantly, one that will stand the test of time and the market’s cycles,” said Ken Wong, COO and Director of International Development, Related.
“In partnership with Argent Related we are creating a new town for Barnet. Connected by the new Brent Cross West Station and with an ambition to create 25,000 jobs, excellent schools, and world-class facilities, Brent Cross Town will ensure our new and existing communities thrive. The protection and enhancement of acres of existing green space provides the unique opportunity to create an area that has health, wellbeing and sustainability at the heart of its design. Brent Cross Town is the most ambitious development project the borough has ever seen, and it comes at a time where the coronavirus has changed the way we think, feel and what we want from the place we call home; we have a once in a lifetime opportunity to respond to changing needs and attitudes and build a place that is truly fit for the future,” said Councillor Daniel Thomas, Leader of Barnet Council.