Related Argent is expanding its in-house asset management capabilities with a Build to Rent operations team. The company will recruit over 50 new staff. The team will manage its London Build to Rent portfolio, which comprises over 3,000 rental homes across its developments in King’s Cross, Brent Cross Town and Tottenham Hale.
Related Argent’s first rental homes will become available in late Summer 2023 at Author King’s Cross, which is being delivered with joint venture partner, The Olayan Group. It is the first purpose-built Build to Rent residential offering within the King’s Cross estate.
Related Argent plans to expand its rental portfolio beyond 3,000 homes. Construction is also set to start on Build to Rent homes at Brent Cross Town and Tottenham Hale later this year. The company’s total residential portfolio includes 8,000 sale and rental homes.
Related Argent’s Build to Rent team will deliver resident services, building maintenance and leasing across its developments, and will be responsible for the complete resident experience, from hospitality to property management. Related Argent will also draw on the record of Related Companies, which has over 71,000 homes across the USA.
The company’s Build to Rent offering is led by Tom Goodall, Partner of Related Argent and Head of Residential, together with Michael Herrington, Director of BTR Operations. Michael brings experience from Related Companies, where he has overseen the operations management of thousands of rental homes across New York City, Boston and Chicago.
“The strong growth of our residential portfolio continues. Our first homes are now occupied in Tottenham Hale. Our sales launch for the first homes at Brent Cross was one of the most successful launches in London last year and we are now preparing to launch our first flagship Build to Rent development at King’s Cross. We are confident that our focus on creating the best places to live, work and visit will translate to high rental and sales demand for these new homes.”Tom Goodall, Partner and Head of Residential, Related Argent
Located at 180 York Way, Author King’s Cross will deliver 182 Build to Rent homes and 36 social rented homes across three contemporary buildings, centred on a landscaped courtyard garden designed by Urban Fabric. The name Author references the neighbourhood of King’s Cross. The Argent team has led the redevelopment and rejuvenation at King’s Cross since 2001.
Author King’s Cross will provide one-, two- and three-bedroom apartments, some with a private balcony. Each of the three buildings has been designed by a different architectural practice: David Morley Architects, Feilden Clegg Bradley Studios and Haptic.
Author King’s Cross will offer resident lifestyle and pet-friendly amenities, including a fitness centre, screening room, dining area, lounges, a garden kitchen, co-working space, crèche and car parking spaces with electric charging. A 24-hour concierge will also be available. Conran & Partners are responsible for the design and specification of the ground floor reception and amenity spaces, AGC BTR for the dressing of the residents’ shared spaces and David Phillips furnishing the apartments.
“Across our Build to Rent portfolio our focus will be on delivering high-quality homes with excellent lifestyle amenities and exceptional service delivered by our dedicated in-house team. Our first development, Author King’s Cross, will bring a new residential offer to one of London’s most iconic destinations. Residents can truly live local and enjoy the best of King’s Cross on their doorstep.”Michael Herrington, Director of BTR Operations, Related Argent
As the only purpose-built Build to Rent offering within the 67-acre King’s Cross estate, Author King’s Cross is placed to offer residents access to retail, leisure and entertainment opportunities. King’s Cross also offers connectivity, with six underground lines and two national mainline stations, plus European connections via Eurostar and High Speed 1.
The site has been developed in partnership with the King’s Cross Central Limited Partnership (KCCLP), the freehold owner of the King’s Cross estate. KCCLP brings together pension fund AustralianSuper, clients of the international business of Federated Hermes, and Argent investors.