UK: Halcyon Development Partners will deliver a coliving scheme at Brent Cross Town, an £8 billion, 180-acre mixed use project being developed by Related Argent and Barnet Council.
The scheme will be funded by DTZ Investors and will operate under DTZ’s Folk Co-living brand.
The development will provide more than 300 coliving units alongside a range of indoor and outdoor communal spaces. Located close to the new high street, Merchant Street and the main public space Neighbourhood Square in the heart of the town, it will be just three minutes’ walk from Brent Cross West mainline station which connects with St Pancras International in as little as 12 minutes.
Brent Cross Town is set to include 6,700 homes by masterplan completion, with coliving “making an important contribution to the emerging living offer which also includes later living, Build-to-Rent, for-sale and affordable homes and student accommodation”.
The new coliving plot will form one building in an emerging “multi-generational quarter” that will also feature the town’s first later living development, alongside affordable and for-sale homes and public courtyards and gardens between these different tenure types.
Brent Cross Town will be the fourth occasion Halcyon has partnered with DTZ Investors, which manages more than £13 billion of assets across Europe and Asia, and its Folk Co-living brand. Halcyon is a leading coliving developer with a future pipeline of 1,700 units.
It was responsible for delivering all three of the completed developments owned and asset managed by DTZ Investor’s Folk Co-Living Fund, including the RIBA award-winning Sunday Mills in Earlsfield. To be designed by Assael Architecture, the development at Brent Cross Town will incorporate learnings from a previous generation of coliving buildings to create “an exemplary living experience informed directly by real resident feedback”.
Nik Dyer, associate director of development at Halcyon, said: “We are delighted to be bringing our best-in-class Co-Living expertise alongside DTZ investors Folk Co-living Fund to the Brent Cross Town Masterplan. Our important partnership represents the continued confidence of institutional capital into Halcyon and the co-living sector, but also a first in recognising this accommodation model as an important part of a London masterplan and wider ecosystem of housing delivery.”
Chris Saunders from DTZ Investors said: “We are thrilled to be working with Related Argent, the London Borough of Barnet and Halcyon to bring forward a new co-living opportunity. Demand for co-living continues to grow, and we’re delighted to be adding another building to the Folk portfolio, particularly in Brent Cross Town which is a fantastic location for co-living. DTZ Investors Folk brand has become synonymous with best-in-class co-living and this building will be no exception.”
Oli Rifkind, executive director at Related Argent, said: “We are pleased to bring partners of the calibre of Halcyon and DTZ Investors on board at Brent Cross Town with their track record of creating exceptional co-living spaces in the capital. Brent Cross Town is truly a place for everyone, with co-living the latest brilliant addition, joining rental, for-sale, affordable, student and later living homes, set amid parks, playing fields, public squares, a new high street, schools and a business and innovation district to form a vibrant town and flourishing multi-generational community. With seven buildings under construction and the first residents moving in later this year, this partnership signals the continued investment confidence in London’s newest town.”
Brent Cross Town will work closely with Halcyon and DTZ Investors to design the development and engage with local communities and stakeholders prior to submitting a planning application.
