Brent Cross extension approved
Published: 22 July, 2016
Council seals £4bn Brent Cross deal with development partners
A major regeneration scheme which will include the refurbishment and extension of the Brent Cross shopping centre has moved a significant step closer following the signing and sealing of an agreement between Barnet Council and its development partners, Argent Related and Hammerson and Standard Life Investments.
The multi-billion pound Brent Cross Cricklewood scheme will create a new town centre, incorporating 7,500 homes, 27,000 jobs, three re-built schools, redevelopment of Brent Cross shopping centre, new parks and community facilities, an additional mainline train station as well as major road and public transport improvements.
The site is split in two by the A406 North Circular Road. To the north, Hammerson and Standard Life Investments will extend the current shopping centre while on the southern part of the site a joint venture between Barnet Council and Argent Related will develop almost 7,000 homes, a new high street, parks and community facilities. The two parts of the development will be linked by a new pedestrian ‘living bridge’ across the A406 and will also incorporate new roads, pathways, cycling routes, parks and squares throughout the scheme.
An extra Thameslink station linking the development to King’s Cross St Pancras in less than 15 minutes is being delivered by the council, supported by the Greater London Authority and a £97m government grant.
A spokesman for Hammerson and Standard Life Investments said: “As one of London’s key strategic growth projects, we are committed to bringing forward this major regeneration project which will create a vibrant new town centre for North London and will transform Brent Cross shopping centre so that it can continue to play its central role in both the local community and to London.”