Press Release on Argent website: Barnet Council last night [17 March] approved a Joint Venture to take forward the future development of Brent Cross South, the 180-acre area south of the Brent Cross shopping centre. The new development will sit alongside Hammerson and Standard Life Investments’ redevelopment of Brent Cross shopping centre, connected via a new pedestrian bridge across the North Circular.
This important milestone signifies that the preparation, design and eventual construction planned for this part of London can now go ahead, with the first works expected to start in early 2018. In addition, the Chancellor’s Budget on Wednesday 16 March confirmed that the Government will release a £97m grant to contribute towards the cost of an additional Thameslink station to support the new town centre in the Brent Cross South scheme, which will also be part-funded through a business rates contribution from the Greater London Authority.
The joint venture partnership for Brent Cross South, which stretches from the North Circular (A406) to Cricklewood Lane, between Hendon Way (A41) and the Edgware Road (A5), consists of Argent Related and the London Borough of Barnet.