News

DTZ Investors is funding the first co-living development at Brent Cross Town. The £8bn, 180-acre mixed use park town being delivered in partnership by Related Argent and Barnet Council. DTZ Investors will work with leading co-living developers Halcyon Development Partners (‘Halcyon’) to deliver the development under DTZ Investors award winning Folk Co-living brand.

The development will provide over 300 co-living units alongside a range of exciting 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 making an important contribution to the emerging living offer which also includes later living, Build-to-Rent, for-sale, 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 attractive public courtyards and gardens between the different tenure types to help foster a truly diverse, mixed-use community.

Brent Cross Town will be the fourth time DTZ Investors, which manages over £13 billion of assets across Europe and Asia, and its Folk Co-living brand, has partnered with Halcyon. Halcyon is a leading co-living developer with an exciting future pipeline of 1,700 co-living units and 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.

Chris Saunders, Folk's Fund Director 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, 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.”

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.”

Councillor 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.”

Brent Cross Town will work closely with DTZ Investors and Halcyon and to design the development and engage with local communities and stakeholders prior to submitting a planning application.

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 rental 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. Brent Cross Town 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.