Audley Group and Senior Living Investment Partners (SLIP) have secured permission to build a block of 148 residential apartments for the over 60s.
It will be the first retirement complex within Brent Cross Town, the new 180-acre, £8bn park town being developed by Related Argent and Barnet Council.
Audley Group specialises in building and operating retirement complexes. Its partner in this venture, SLIP, is a £200m joint venture between Octopus Real Estate and Pension Insurance Corporation (PIC).
The homes will be the first in London to operate under Audley Group’s Mayfield Villages brand and the second to be developed in its portfolio. The 17,000 sq ft of communal amenities will include a village hall, a health and wellness centre, a residents’ lounge, gardens and terraces as well as a café/ bistro that will be open to the public.
In total Brent Cross Town – one of Europe’s largest regeneration projects – will have 6,700 new homes, three million sq ft of offices, a high street, schools, a university and 50 acres of parks and playing fields. The community is already taking shape following the completion of two residential buildings and the arrival of the first residents.
Audley Group chief executive Nick Sanderson said: “Planning approval for the new Mayfield Village at Brent Cross Town is a fantastic step forward. The demand for specialist retirement living properties isn’t slowing down and it’s important we give more people more choice over how and where they live as they get older. Mayfield Brent Cross will become an important part of the vibrant intergenerational community being created in this area of London. We look forward to the next phases of development alongside our JV partners, Related Argent and Barnet Council.”
Related Argent chief executive Tom Goodall said: “We are delighted that the first retirement living homes at Brent Cross Town have been given the go-ahead. This builds on the continued inward investment secured over the last 12 months and accelerates our bold vision to create an intergenerational community with diverse housing options. We look forward to bringing this vibrant new project to life with industry leaders Audley Group.”