Argent Related, with founding companies known for their experience in urban regeneration (King’s Cross and Hudson Yards), has launched a seven-building regeneration scheme at the heart of Tottenham Hale.
Dominic Heaton-Watson, Associate Director, International Residential Project Marketing, Knight Frank Malaysia says, “One of the largest developments in north London will reinvigorate Tottenham Hale, a place known for its transport connections and its hidden gems of creative businesses, giving it a welcoming, pedestrian-friendly heart for local residents, workers and visitors alike to enjoy.”
Five individual plots of land, currently a retail park and light industrial space, will deliver 1,030 new homes – a mix of market sale, affordable and rental; 15 new retail spaces; co-working and office space; a new health centre serving 30,000 local people; and two football pitches-worth of well-lit, elegantly-paved public space with seating and 75 new trees.
Heaton-Watson comments, “The first new building launching in the area is 1 Ashley Road: 183 studios, one-, two- and three-bedroom apartments designed by Alison Brooks Architects (RIBA Stirling Prize-winner) with interiors by Conran and Partners. The building, closest to the station and at the gateway to new residential street Ashley Road, has a warm brick façade, street-level colonnades around three new retail units, and two generous garden terraces created by Andy Sturgeon Design (seven-times Chelsea Flower Show gold medal winner). Other resident amenities include an impressive triple-height lobby with 24-hour concierge, and a residents’ lounge.”
Tom Goodall, CEO of the project, says, “Tottenham Hale is the perfect location for Argent Related: it’s an incredibly diverse, energetic, and welcoming area of London that deserves an animated and people-friendly urban landscape to match. For us, the challenge, and indeed the reward, will be in creating a new centre that feels inclusive and exciting as much as well-managed and long-lasting ultimately a place that brings joy to residents and the surrounding community.”
Tottenham Hale is seeing £1 billion of development investment, backed by Haringey Council and the Greater London Authority. Part of one of the largest Opportunity Areas in London, the area has received £30 million of investment into its transport interchange with a new station opening in 2019 and with future plans for Crossrail 2. The new Tottenham Hotspur stadium has just opened and provides a 60,000-seat sport and entertainment venue on the doorstep.
According to Knight Frank, house prices in Tottenham Hale have climbed 19% since 2016, outperforming the wider London market. Despite this growth, the average price of a home in Tottenham Hale is the least expensive of all locations along the Victoria Line. And, according to figures from Rightmove, a two-bed flat for rent in Tottenham Hale will, on average, be let more than two weeks’ sooner than the London average.
Heaton-Watson comments, “Knight Frank Malaysia is delighted to bring such an exciting UK opportunity to the investor community in Kuala Lumpur with prices starting at just £365,000. We have continued to see strong appetite for well-priced, well-located, high spec apartments in London. Transport connectivity is a key characteristic that our savvy investors look for, and 1 Ashley Road delivers this with a direct journey time of just 11-mins into King’s Cross on the Victoria line.”
Visit the Tottenham Hale project page at: https://bit.ly/30SdgLT