Montreaux plans to build 1,000 new homes following OakNorth facility

Property investment and development company Montreaux is set to apply for planning permission to build 1,000 new homes in Cricklewood, north-west London.

It has secured funding from OakNorth and Ask Partners to acquire an 86,000 sq ft warehouse, as well as 470 car parking spaces.

Following the acquisition, it plans to develop a mixed-use scheme comprising of one-, two- and three-bedroom accommodation as well as various commercial units, if planning is granted.

The site is close to various transport links, including Cricklewood station, which offers direct Thameslink services to King’s Cross and Farringdon station.

“Having worked with ASK Partners on several transactions in the past, we were confident that we’d be able to complete the deal in the timeframe Montreaux needed to apply for planning permission,” said Hemesh Patel, property finance director at OakNorth.

David Burke, founder and CEO at Montreaux, added: “The Brent Cross Cricklewood regeneration area is a major focus for the creation of new jobs and homes, building upon the area’s strategic location and rail facilities.

“Our experience in successfully completing mixed-use developments, coupled with our unrivalled expertise in community consultation, gives us hope that we will be able to secure the planning permission needed to bring 1,000 new homes to this exciting area.”

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