Brent Cross Town, the £8 bn (€9.32 bn), mixed use park town being delivered in partnership by Related Argent and Barnet Council, has partnered with Halcyon Development Partners to deliver the town’s first co-living development.
The development will be funded by DTZ Investors and will operate under its Folk co-living brand.
The development will provide over 300 co-living units alongside a range of indoor and outdoor communal spaces. It will stand just three minutes’ walk from Brent Cross West mainline station which connects with St Pancras International.
The 180-acre (73 ha) Brent Cross Town is set to include 6,700 homes by masterplan completion, with co-living 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 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 public courtyards and gardens.
Brent Cross Town marks the fourth occasion that Halcyon has teamed up with DTZ Investors. Halcyon is a specialised co-living developer with a future pipeline of 1,700 co-living units.
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.
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 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.'
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 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.
Seven buildings are currently under construction at Brent Cross Town where, with the first residents will move in 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 rental homes are on-site, along with 662 student rooms in partnership with Fusion Students.
