Argent Related, which brings together Argent (best known for leading the redevelopment of King’s Cross) and Related Companies (the most prominent privately-owned real estate firm in the United States), has started construction on its first UK Build-to-Rent (BtR) development at the Triangle Site on York Way, King’s Cross.
The new development is set to complete in 2023 and will feature 218 rental homes across three buildings. It will be uniquely placed as the only BtR development within the 67-acre King’s Cross Estate.
Argent Related has a significant UK residential pipeline with close to 8,000 homes including 3,000 BtR homes which form part of its vibrant mixed-used developments: Triangle Site, King’s Cross; Brent Cross Town; and Tottenham Hale.
Residents at the new King’s Cross BtR development will benefit from the well-designed one-, two- and three-bedroom homes created by a leading group of architects and interior designers including David Morley Architects, Feilden Clegg Bradley Studios, Haptic, Project Orange and Conran and Partners. The scheme will also include world-class service and a compelling mix of amenities including a residential fitness centre, screening room, dining area, retail and a crèche along with the benefit of King’s Cross’ retail, restaurants, leisure and public spaces all located nearby.
King’s Cross is the best-connected place in the UK with six underground lines and two national mainline stations, plus European connections via High Speed 1. Rental demand is already strong and set to increase further as Google, Facebook and other occupiers bring additional jobs to the area to join the 15,000 people who already work at King’s Cross. The wider Knowledge Quarter brings together 100 academic, cultural, research, scientific and media organisations, all based in the local surrounding areas.
Argent Related’s start on site at King’s Cross follows the start of construction on the £500m development at Tottenham Hale which began during the pandemic in 2020.
Ken Wong, COO of Related Companies, said, “When we started our new company in 2015, one of our foundational commitments was to bring Related’s industry-leading BtR platform, long pre-eminent in New York City, Boston, Chicago and San Francisco, to London. We are delighted to embark on this project at the Triangle site which will showcase, within the amazing King’s Cross campus, our decades-long expertise in BtR-specific building technology, unit design, programming and amenities, customer service, and proprietary technology tools. Our Argent Related team has done a fantastic job integrating these ideas with their deep local expertise in a way that will be uniquely London and King’s Cross.”
Tom Goodall, partner and head of residential at Argent Related, said: “We are focussed on creating the most exciting places in London for people to call home. The King’s Cross Estate is already a very desirable place to live. With the completion of the estate and leading international companies such as Google and Facebook bringing more jobs into the area, we anticipate that demand for professionally managed rental homes at the Triangle Site will be very strong.”
Argent Related is developing the site in partnership with the King’s Cross Central Limited Partnership (KCCLP), the freehold owner of the King’s Cross Estate. KCCLP brings together pension fund AustralianSuper, clients of the international business of Federated Hermes and Argent investors.
Midgard is the appointed contractor for the development.
About Argent Related:
Argent Related brings together an extraordinary blend of complementary skills, access to global capital and unrivalled technical and delivery experience. Argent Related generates superior returns for all stakeholders by developing for the long-term. Argent, the respected developer with a track record in creating exemplar new pieces of UK cities including King’s Cross, joined forces in March 2015 with Related, the most prominent privately-owned real estate firm in the United States with over $60 billion in assets owned or under development including Hudson Yards on Manhattan’s West Side, as well as The Grand and Related Santa Clara in California.
The company has a £8bn development pipeline in London which includes the delivery of two major regeneration schemes featuring over 7,900 homes, over 3 million square feet of office space, 50 acres of parks and playfields, as well as retail, leisure, student accommodation and schools, both highly accessible from new and improved public transport connections. It is currently working in a joint venture with Barnet Council on London’s 180-acre Brent Cross Town site, with the London Borough of Haringey for the Tottenham Hale redevelopment and is progressing other opportunities in London including a build-to-rent development in King’s Cross.
Argent Related’s mission is to be the greatest city builders in the world. This means developing for the long term—astutely, sustainably and with a sense of social purpose. Argent Related is delivering the places, homes, workspace and public space that our UK cities and town centres need. www.argentrelated.co.uk
About King’s Cross:
King’s Cross is London's creative neighbourhood: 67 acres of inspiring businesses, outstanding architecture, destination retail and dining and a vibrant cultural scene.
The area’s industrial past has inspired the 50 new and repurposed buildings, including the iconic Gasholders London and the Granary Building. The estate also has 27 acres of public space, a mix of parks, streets, squares and gardens, with Granary Square and its iconic fountains as a heart.
King’s Cross has close to 2,000 homes—a mix of private, rental, student and affordable housing—and over 20,000 people now working in the neighbourhood. King’s Cross is home to leading international and UK companies including Google, Havas, Camden Council, The Office Group, ArtFund and Universal Music.
Already known as a foodie hotspot, King’s Cross is also an established retail destination with Coal Drops Yard, offering 100,000 square feet of shops, bars and restaurants within a pair of reimagined Victorian coal buildings.
The King’s Cross estate is owned by the King’s Cross Central Limited Partnership (KCCLP), made up of pension fund AustralianSuper, clients of the international business of Federated Hermes and Argent investors. AustralianSuper owns a 67.5% stake in KCCLP. AustralianSuper manages AUD $140 billion of members’ retirement savings on behalf of almost 2.2 million members. It is a profit for member organization. One in 10 working Australians is a member of AustralianSuper, the nation’s largest superannuation fund.
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