Outpost Management and Tide close deal for The Castle

Joint venture between BlackRock Private Markets and Outpost Management closes The Castle Build to Rent acquisition from Tide Construction.

Street level view of Outpost Management's Enclave Acton Build to Rent development | BTR News
Street level view of Outpost Management's Enclave Acton Build to Rent development.

Outpost Management announces the forward-funding acquisition of The Castle scheme in North Acton from developer and contractor Tide Construction, through its joint venture with BlackRock Private Markets via its Real Estate business.

Designed by HTA, the 32-storey building will deliver 462 Build to Rent apartments. The 220,000 sq ft residential-led, mixed-use scheme will include 18,000 sq ft of amenity space across five floors – and includes a spa, lounge areas, private dining and co-working spaces, a library, bespoke gym, cinema and games rooms.

Residents living at The Castle will also benefit from the 2,000 sq ft landscaped roof terrace on the 32nd floor, with extensive views across London. The scheme will also feature a new 3,500 sq ft public house, replacing the previous pub, The Castle, which dates to the 1930s but has remained vacant since 2020.

“We are thrilled to have acquired this fantastic development, and proud to continue our partnership with BlackRock and deliver another market-leading scheme with Tide. Enclave is helping to transform the UK rental market by creating pragmatic lifestyle-enabling homes that empower our residents to live their own way. We’re excited that bringing Enclave to Acton will not only provide new homes and extensive amenities for future residents, but will also become a hub for the local community.”

Troy Tomasik, Founder and CEO, Outpost Management

Tide is delivering the project using its offsite manufacturing arm, Vision. This sale demonstrates the ongoing market appetite for Tide and Vision’s volumetric technology, which delivers up to 50% faster construction times whilst significantly reducing waste and carbon emissions.

The Castle demonstrates the design flexibility of the Vision volumetric system – with a unique triangular floor plan arrangement for the studio apartments, along with amenity spaces.

“The Castle is the second co-living scheme developed by Tide and purchased by Outpost Management, showing how volumetric construction is driving innovation in this asset class. We look forward to supporting our longstanding partner Outpost Management on its JV with BlackRock by delivering The Castle. This deal demonstrates the confidence in our volumetric product to deliver high-quality homes and cultivate new communities.”

John Fleming, Chairman of Tide and Vision

Innovative, sustainable and life-enhancing technology will also feature across the development, which is targeting WiredScore Platinum and BREEAM Excellent ratings.

High speed internet will be available in all areas, and residents will be able to control their apartment’s lighting and heating through a dedicated app. Utopi multi sensors will also provide residents with real-time data on their energy and utilities consumption.

The Castle scheme is due to open in summer 2025 and will be operated by Outpost Management under its Enclave brand. It is the third asset to be acquired by the firm’s joint venture with BlackRock Private Markets. Having already invested £500m, the joint venture plans to commit an additional £500m, totalling £1bn of investment in UK residential assets.

The Castle acquisition follows the successful acquisition, development and opening of Enclave: KX in London in 2022, and the acquisition of Enclave: Birmingham in 2023, where phased completion is expected from summer 2025.

Outpost Management is redefining Build to Rent by launching the next generation of modern, effortless communal living, with a focus on convenience, wellness, service and connectivity.