Folk, DTZ Investors’ co-living brand redefining renting, is launching its fourth London property in partnership with Halcyon Development Partners (‘Halcyon’) at Brent Cross Town; the visionary £8bn, 180-acre park town regeneration scheme being delivered by Related Argent and Barnet Council. The development will be funded by DTZ Investors’ Folk Co-Living Fund and will operate under its renowned Folk Co-living brand.
Folk Brent Cross will be at the heart of Brent Cross Town’s new intergeneration neighbourhood, offering 352 co-living studios alongside a wide range of shared spaces designed to help people connect, unwind and feel at home. Residents will have access to inspiring workspaces, a wellness spa, rooftop residents’ kitchen and a mix of indoor and outdoor spaces designed around community and everyday living.
Located close to the new high street, Merchant Street and the main public space Neighbourhood Square, it will be just three minutes’ walk from Brent Cross West Station, with trains to St Pancras International in as little as 12 minutes.
Brent Cross Town is set to include 6,700 homes by masterplan completion, with co-living making an important contribution to the emerging living offer which also includes later living, Build-to-Rent, for-sale, affordable homes and student accommodation.
The new co-living plot will form one building in an emerging ‘multi-generational quarter’ that will also feature the town’s first later living development, alongside affordable and for-sale homes as well as attractive public courtyards and gardens between these different tenure types to help foster a truly diverse, mixed-use community.
Brent Cross Town will be the fourth occasion DTZ Investors, which manages over £13 billion of assets across Europe and Asia, and its Folk Co-living brand has paired up with Halcyon. Halcyon is London’s leading co-living developer with an exciting future pipeline of 1,700 co-living units. Halcyon was responsible for delivering all three of the completed developments owned and asset managed by DTZ Investor’s Folk Co-Living Fund, including the RIBA award-winning Sunday Mills in Earlsfield. Designed by Assael Architecture, the development at Brent Cross Town will incorporate learnings from a previous generation of co-living buildings to create an exemplary living experience informed directly by real resident feedback.
Louis Cobben, Director of Living Strategies at DTZ Investors said: “We are thrilled to bring forward our fourth Folk Co-Living scheme in London with Related Argent, the London Borough of Barnet and Halcyon. Brent Cross Town is a fantastic location for co-living, and we see strong investor appetite for the asset class, proving that co-living is becoming an essential part of the residential ecosystem. Demand for co-living continues to grow, and we’re delighted to be adding another building to the Folk portfolio, growing the fund to c. £400M. DTZ Investors’ Folk brand has become synonymous with best-in-class co-living, and this building will be no exception.”
Oli Rifkind, Executive Director and Chief Development Officer at Related Argent, said: “Welcoming Halcyon and DTZ Investors to Brent Cross Town is another big milestone for us. Their reputation for delivering premier London co-living spaces matches our wider vision for this landmark development and will be a key element in delivering a truly intergenerational neighbourhood with tenures to suit residents from all walks of life. Working with third parties such as Halcyon and DTZ Investors helps us to continue delivering at pace and maintain the remarkable momentum we have seen to date.”
Nik Dyer, Development Director at Halcyon, said: “We are delighted to be bringing our best-in-class Co-Living expertise alongside DTZ investors Folk Co-living Fund to the Brent Cross Town Masterplan. Our important partnership represents the continued confidence of institutional capital into Halcyon and the co-living sector, but also a first in recognising this accommodation model as an important part of a London masterplan and wider ecosystem of housing delivery.”
Ed Thomas, Head of Customer Experience at Folk Co-living said: “What makes Folk’s next development at Brent Cross Town special is that it’s genuinely built on evidence. We’ve spent years operating Folk homes, listening to residents, tracking what works and being honest about what doesn’t. This building is the result of taking all of that lived experience and applying relentless, incremental thinking across every element of the design. Not a reinvention of the blueprint which we know already works, but a thorough refinement of it. From the private studios through to the communal spaces, hundreds of small improvements add up to something that raises the bar significantly for what co-living can and should be. We’re incredibly proud of the work that’s gone in to get here, and we honestly cannot wait for people to move in and make it their home.”
