Urban regeneration specialists Related Argent and Barnet Council are delivering an £8bn, 180-acre mixed use park town at the Brent Cross Town development in North London. They have partnered with co-living developer Halcyon Development Partners to deliver the town’s first co-living development. It will be funded by DTZ Investors and will operate under its renowned Folk Co-living brand.
Brent Cross Town will comprise over 300 co-living 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 co-living contributing to the emerging living offer which also includes later living, Build to Rent, for-sale, affordable homes and student accommodation. It already boasts a selection of local retail and leisure offerings, and Sheffield Hallam University will open its first campus outside Sheffield at Brent Cross Town.
“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.” – Nik Dyer, Associate Director of Development, Halcyon
The new co-living 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 attractive public courtyards and gardens between these different tenure types, creating a truly mixed-use community.
The new development will be the fourth occasion Halcyon has partnered with DTZ Investors, which manages over £13bn of assets across Europe and Asia, and its Folk Co-living brand. Halcyon 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 co-living buildings to create an exemplary living experience informed directly by real resident feedback.
“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.” – Oli Rifkind, Executive Director, Related Argent
The teams behind the scheme 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.
“We are thrilled to be working with Related Argent 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. We look forward to working with Related Argent and the London Borough of Barnet on bringing this exciting part of Brent Cross Town forward.” – Chris Saunders, DTZ Investors
The announcement adds to the strong momentum at Brent Cross Town where seven buildings are under construction, with the first residents moving into the town later this year. The first office building, 3 Copper Square, started on site in the spring and will be completed in 2026.
In total, over 930 homes, including affordable, market sale, and Build to Rent homes are on-site, along with 662 student rooms in partnership with Fusion Students. The first permanent public park, Claremont Park, opened in June 2022 and Brent Cross West mainline station opened in December 2023.
“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.”
Councillor Ross Houston, Cabinet Member for Homes and Regeneration, Barnet Council
This year, Related Argent topped out at its first Build to Rent building at Brent Cross Town and started construction at its second scheme. The company also formed a joint venture with NTT UD Europe Limited, securing Japanese investment for its latest phase of Build to Rent homes.
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