Argent Related starts Build-to-Rent Development at Triangle Site, King's Cross
Argent Related, which brings together Argent (best known for leading the development 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.
G&T is providing Cost Management, Employer's Agent and Project Management services on the new development which 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.
"We are focussed on creating the most exciting places in London for people to call home."Tom Goodall
Partner and Head of Residential, Argent Related
Argent Related has a significant UK residential pipeline with close to 8,000 homes including c.3,000 BtR homes which form part of its vibrant mixed-use developments: Triangle Site, 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 Studio, 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 space all located nearby.
© Argent Related
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.
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'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 where G&T is also providing Project Management services. G&T is also providing Cost Management and Employer's Agent services for Plot W at King's Cross.
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.