Related Argent secured £188.7m from HSBC and Barclays to refinance the first two build-to-rent (BTR) assets of its Brent Cross Town redevelopment masterplan in Barnet, north London.
The two assets, designed by Conran and Partners and known as The Maple, comprise 540 homes alongside amenities such as a 25m swimming pool, a gym and fitness studio, wellness facilities, a rooftop terrace, co-working space and a virtual entertainment room.
When complete, the wider 180-acre Brent Cross Town masterplan will include 6,700 homes across a mix of sale and rent tenures, including affordable homes, student accommodation and co-living.
The development also includes a new high street, parks, squares, sports and play facilities, new buildings for three local schools, 3m sq ft of office space and 50 acres of open green space.
Oli Rifkind, chief development officer at Related Argent, said the package marks a “strong endorsement of both the quality of these assets and the long‑term vision for the town”.
He added: “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 BTR homes.
“It reinforces Brent Cross Town’s position as a resilient and investable destination and a thriving new neighbourhood for London.”
Dan Whiting, relationship director at 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.”
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.”
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