Barnet council has ratified its selection of Argent Related as development partner on a 192-acre site at Brent Cross South.
The site has permission for 4.2m sq ft of commercial space, 7,500 homes, 660,000 sq ft of sheds, 115,000 sq ft of leisure and 350,000 sq ft of retail.
It sits immediately south of the Brent Cross Shopping Centre, which will be significantly transformed over the next few years.
The link-up follows a two-stage OJEU bid process and a shortlist of four development teams,
Gateway Barnet – a jv comprising Far East Consortium, Countryside Properties, Notting Hill Housing Trust and Southern Grove – has been selected as reserve bidder
Argent managing director David Partridge, co-chief executive of Argent Related and managing partner of 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.”
Related international development director Kenneth Wong said: “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.
