Regal London acquires Great North Leisure Park in Barnet in London N12
Regal London, in partnership with global alternative asset manager Cheyne Capital Management (UK) LLP, has successfully acquired Great North Leisure Park.
The 11.2-acre retail park is strategically located on High Road, North Finchley and is earmarked by Barnet for residential-led redevelopment.
Great North Leisure Park will host the third Regal London Real Estate Academy, which offers construction qualifications and employment opportunities for 70 military veterans and their families, as well as individuals who face challenges in advancing their careers.
The first Academy was launched in Watford in 2022, and the second was established earlier this year in Brent.
Regal London currently has a contracted development pipeline of over 8,500 homes and 650,000 sq ft of commercial space within the M25, including notable projects such as Fulton & Fifth in Brent, which comprises over 800 homes, 100 Chalk Farm Road adjacent to the iconic Roundhouse in Camden, and The Clarendon Works, the developer's first standalone office development in Watford, Hertfordshire.
Jonathan Seal, CEO of Regal London commented: “The acquisition of Great North Leisure Park is another step in the evolution of our strategy – to bring our expertise and skills to complex urban settings, creating sustainable, beautiful buildings of all kinds with thoughtful public spaces for local people to be proud of.
“We are London specialists and are excited to have this opportunity to open up this corner of Barnet to new residents and businesses whilst bringing our customary flair to an area that we know well.”
Arron Taggart, Head of UK Real Estate at Cheyne Capital, added: “We are pleased to be supporting this redevelopment scheme which reaffirms our investment thesis of originating lending opportunities in value-add assets in partnership with experienced borrowers with whom we can form a long-term relationship.
“Our continued support of the Regal London platform underscores our conviction in their ability to deliver quality mixed-use schemes in London which look to support and benefit the local communities, and this is evidenced by the Great North Leisure Park redevelopment. Projects such as this which, if done right, will have a hugely positive effect on the local community, we find particularly of interest. We know that, in Regal London, we have the right partner and we look forward to furthering the strong relationship we have built with them."