£75M CONTRACT FOR BUILD-TO-RENT
Construction group Galliford Try’s building business has been appointed to a £75m contract to deliver a new build-to-rent (BTR) residential building at Brent Cross Town, north London.
The company was appointed by Related Argent and Invesco Real Estate, the global real estate investment manager, acting on behalf of a US separate account client.
Galliford said the new BTR homes are part of the 180-acre Brent Cross Town regeneration scheme, which is being delivered in partnership by Barnet Council and Related Argent, and will see the creation of 249 new homes for private rent and amenity areas across three new blocks.
Chief executive Bill Hocking said:
“The private rental and wider residential sectors are an integral part of our Sustainable Growth Strategy, particularly when we have the opportunity to work with respected repeat clients like Related Argent and Invesco Real Estate.
“We look forward to continuing our collaboration with them and all the stakeholders involved to produce more high-quality homes for the local community.”
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