Outpost Management has completed the forward-funding acquisition of a 462-unit BTR development in North Acton from Tide.
The 32-storey residential-led mixed-use scheme, which is currently called The Castle, will be operated by Outpost Management under its Enclave brand when it opens in summer 2025. It is the third asset to be acquired by Outpost’s joint venture with BlackRock Private Markets.
Designed by HTA, the development features 462 co-living apartments and 18,000 sq ft of amenity space across five floors, including a spa, lounge areas, private dining and co-working spaces, a library, bespoke gym, cinema and games rooms.
A 2,000 sq ft landscaped roof terrace is being built on the 32nd floor offering views across London and the scheme will also feature a new 3,500 sq ft replacing the previous pub on the site, which was called The Castle.
Troy Tomasik, Outpost Management founder and CEO, said: “We are thrilled to have acquired this fantastic development, and proud to continue our partnership with BlackRock and deliver another market-leading scheme with Tide. Enclave is helping to transform the UK rental market by creating pragmatic lifestyle-enabling homes that empower our residents to live their own way. We’re excited that bringing Enclave to Acton will not only provide new homes and extensive amenities for future residents, but will also become a hub for the local community.”
John Fleming, chairman of Tide, which is delivering the project using its offsite manufacturing arm Vision, added: “The Castle is the second co-living scheme developed by Tide and purchased by Outpost Management, showing how volumetric construction is driving innovation in this asset class. We look forward to supporting our longstanding partner Outpost Management on its JV with BlackRock by delivering The Castle. This deal demonstrates the confidence in our volumetric product to deliver high-quality homes and cultivate new communities.”
