Related Argent has successfully completed the refinancing of its first two Build to Rent (BTR) assets at Brent Cross Town, securing a total of £188.7 million across the two buildings. The refinancings, funded by HSBC UK and Barclays UK Corporate Bank and with an average loan‑to‑value of 60%, mark a significant milestone for the 180‑acre regeneration project.
The two buildings, known collectively as ‘The Maple’ provide 540 much needed new homes in Barnet, where there has historically been limited BTR provision. The scheme combines bold architecture with a strong focus on amenity, hospitality‑led management and resident experience which together have driven strong leasing activity and attracted a diverse resident base.
Amenities at The Maple include a 25‑metre swimming pool, gym and fitness studio, wellness facilities, rooftop terrace, co-working space and virtual entertainment room, with interiors designed by Conran and Partners.
Related Argent now manages 720 operational BTR assets and has another 1,400 in development. This includes 484 homes at Ferry Island in Tottenham Hale, which are scheduled to launch later this year.
Brent Cross Town is one of Europe’s largest regeneration projects and once complete will provide up to 6,700 new homes, through a mix of affordable, BTR, homes for sale, co-living, PBSA and senior living. The masterplan also includes a thriving, retail-led high street, 50 acres of parks, public squares and sports and play facilities, three new schools and 3 million sq. ft. of office space.
Oli Rifkind, Chief Development Officer, Related Argent: said: “The successful refinancing of our first two BTR developments at Brent Cross Town, the first of which is now fully stabilised, is a strong endorsement of both the quality of these assets and the long‑term vision for the town. Securing this quantum of funding from two leading banks, at a time when the market remains selective, demonstrates the confidence that lenders continue to place in our approach, our partnerships and our ability to deliver high‑performing Build to Rent homes. It reinforces Brent Cross Town’s position as a resilient and investable destination and a thriving new neighbourhood for London.”
Darren Wilson, Head of Private Rented Sector at HSBC UK, said: “We are pleased to play a key role in this regeneration project, showcasing the economic growth and appeal of Brent Cross Town for residents and businesses. The Build to Rent delivery will help address the demand for housing and contribute to wider regeneration plans for the area. HSBC UK has a longstanding relationship with Related Argent, this is our first residential scheme, and we are excited to watch the wider regeneration come into fruition.”
Dan Whiting, Relationship Director, Barclays UK Corporate Bank, said: “Brent Cross Town demonstrates how large-scale regeneration can unlock long-term economic and social value, while meeting growing demand for professionally managed rental housing. We are pleased to be supporting Related Argent as it delivers on the long-term vision for Brent Cross Town with The Maple project driving real long-term growth of the UK economy.”
