Halcyon Development Partners and DTZ Investors have unveiled plans to deliver more than 300 co-living units at the £8bn, 180-acre mixed-use Brent Cross Town development.
The co-living scheme at Brent Cross Town, which is being delivered by Related Argent and Barnet Council, will be funded by DTZ Investors and will operate under its Folk co-living brand.
Designed by Assael Architecture, the scheme will offer a range of indoor and outdoor communal spaces.
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.”
Nik Dyer, associate director of development at Halcyon, added: “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.”
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.”
Ross Houston, Barnet Council cabinet member for homes and regeneration, said: “Plans for our first co-living building at Brent Cross Town show our continued commitment to providing a range of housing options at our emerging neighbourhood, whilst shared-living also helps foster a sense of community amongst the people that live there.”
