Midgard lands latest £600m phase at Brent Cross Town

Abstract

Developer Related Argent has formed a joint venture with Invesco Real Estate to deliver the £600m gross development value scheme. Construction is set to be completed in 2025 on 800 market sale and Build-to-Rent homes, as well as retail and dining. The entire £8bn Brent Cross Town project will feature 50-acres of parks and playing fields, 6,700 new homes and 3 million sq ft of offices along with retail, leisure, student accommodation and schools. The Related Argent and Invesco Real Estate joint venture confirmed it has appointed Midgard as contractor on the first element of the project. Development is already well underway on other parts of the site with construction due to start on the first 120 affordable homes and, in partnership with Fusion Students, 662 new student homes. In 2020, the scheme secured a £148m Homes England funding facility to deliver upfront public realm including new parks and infrastructure works which have helped unlock the delivery of the new homes. Kenneth P.Wong, Co-Founder of Related Argent said: "There is tremendous momentum behind this development with infrastructure and public realm being delivered first, affordable and student homes underway, strong residential sales and solid demand for commercial office space."