Brent Cross Cricklewood
Brent Cross is a £4billion mixed-use regeneration scheme covering 150 acres in North West London.
Re is working with LB Barnet to facilitate the construction of a new shopping centre and create an adjoining new town, including over 7,000 homes, 4m square feet of employment space and a new station. In doing so, Re led the procurement process to secure the Council’s JV development partners and is now leading on programme management, detailed planning, as well as design and procurement of the station and parts of the road infrastructure.
Expertise and Experience
This development is an example of how Re can draw on Capita’s specialism in delivering wider public sector objectives as well as commercial returns. Working with the Council, we are leading key elements of the regeneration, development management and integration. At the core of the programme, it draws on the importance of effective stakeholder engagement to meet the needs of the community and promote economic prosperity.
What we’ve done
Delivering a new town for London is a huge undertaking.
First and foremost Re – through its association with Capita Real Estate - worked with the Council to identify suitable development partners with the vision, capability and capacity to build over 7,000 homes, 4m square feet of commercial space and a multitude of supporting community infrastructure, such as schools, parks, bridges and roads.
We set ourselves a stretching target to select a development partner in 2 years and delivered on time. We exceeded the Council’s expectations in the quality of the bidders Consequently, LB Barnet is now in a JV with a consortium of Argent (Kings Cross redevelopment) and Related (Hudson Yards NY regeneration) – two of the best developers on either side of the Atlantic.
The speed and effectiveness of Re’s approach to procurement is now being promoted by Government as an example of good practice.
In tandem with finding a development partner for the Council, Re – through its access to the expertise of property consultancy, design and engineering within Capita - developed the business case to persuade DCLG and Treasury of the merits of investing in the delivery of a station. The resulting ‘TIF’ funding package has underwritten the viability of the Council’s regeneration scheme.
Meantime, Re is key to programme managing the manifold interests on site; coordinating agencies such as TfL, Network Rail and the GLA, along with the two major developers.
On behalf of the Council, Re is delivering all planning aspects of the scheme, from working with the developers to ensure they meet the demanding RMA timetable, but also pro-actively in looking how to refine and improve the masterplan to ensure it maximises the key objective of making a place London can be proud of. We are fulfilling the Council’s highways authority obligations and enhancing the statutory offer with the backing of Capita’s multi-disciplinary highways infrastructure team, through design and assurance, and in time, construction procurement. In addition Re, through its association with GL Hearn (part of the Capita group) is leading on land assembly across the site.