Backed by a £243m mortgage from ICG Actual Property,  Associated Argent is creating a build-to-rent scheme in Tottenham Hale, London, with 484 flats.

The beginning of labor follows Associated Argent agreeing monetary phrases with the cash lender.

The brand new properties symbolize the second and remaining section of the three.5-acre Coronary heart of Hale regeneration challenge which is owned, developed and managed by Associated Argent.

The whole growth, whose gross growth worth is greater than £600m, contains 1,032 new properties, together with market sale, on-site inexpensive and personal rented housing throughout seven buildings.

The primary section has 417 properties throughout three buildings, with first residents shifting in from July 2022.

Part two contains 1 Ferry Island, a 12-storey residential tower with 108 flats, and a pair of Ferry Island, which can have 376 items throughout two towers rising to 38-storeys.

Architect for each is Allford Corridor Monaghan Morris (AHMN) and principal contractor is Midgard. Remaining completion is anticipated within the fourth quarter of 2026. 

The scheme, in partnership with Haringey Council, may even have a pedestrianised civic house on the coronary heart of the Tottenham Hale masterplan. Retail and industrial areas may even line the principle sq. together with retailers, cafes, leisure and workplaces.

The Associated Argent and Haringey Council partnership can also be delivering 131 inexpensive properties within the Welbourne constructing along with a brand new NHS well being centre. Part one of many residential scheme additionally noticed Tottenham Hale railway and underground stations obtain a £30m improve alongside a brand new Tottenham Hale Bus Station.

Associated Argent managing director Tom Goodall mentioned: “The final yr has seen profitable supply throughout our residential portfolio with 635 properties accomplished together with the approaching opening of Creator King’s Cross, our first BTR provide at King’s Cross, and over 1,200 new properties at the moment underneath building. The capitalisation and begin of main building at 1 and a pair of Ferry Island are necessary milestones to finish the Coronary heart of Hale growth, creating a brand new group and a vacation spot for Tottenham Hale. Coronary heart of Hale is evolving into what we imagine is without doubt one of the most vibrant and finest linked locations to stay in north London.”

Midgard managing director Kevin Keegan mentioned: “These are buildings of outstanding architectural high quality and we stay up for delivering this new London landmark.”

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