Argent Related has been formally selected to develop the 192-acre Brent Cross South scheme, NW4.
Barnet council last night ratified the decision to appoint the UK/US joint venture to build out the residential-led scheme to the south of Brent Cross shopping centre.
They will enter a new joint venture with the council.
The site has existing planning permission for 4.2m sq ft of commercial space, 6.8m sq ft of residential (circa 7,500 new homes), 660,000 sq ft of industrial, 115,000 sq ft of leisure including three rebuilt schools, 350,000 sq ft of shops and new public squares, parks and fields.
David Partridge, joint chief executive of Argent Related and managing partner at Argent, 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.”
Kenneth P Wong, joint chief executive of Argent Related and chief operating officer and director of international development of related companies, added: “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. We share Barnet’s vision of creating a vibrant, living town centre and look forward to the collaboration ahead.”
Work is expected to start on the site in 2017.
