Ballymore and Central European investor and developer, Penta Real Estate, have announced plans to deliver the second phase of The Brentford Project, becoming the third prominent London site to be delivered by the JV.
The second phase of The Brentford Project in Hounslow has a GDV of over £300million and comprises 373 new homes. Residents will be have access to a swimming pool, gym, lounge and concierge, delivered within the already completed first phase.
The Brentford Project is a significant town centre regeneration, which is reconnecting Brentford’s high street with the waterfront. Over 11.8 acres, new homes with be delivered alongside retail, a new cinema and supermarket, public art, community spaces and landscaped walkways along the River Brent.
Ballymore and Penta Real Estate previously announced that the JV will deliver Cuba Street, a 52-storey residential tower adjacent to Canary Wharf on the Isle of Dogs, and The Capston, the final phase of the Embassy Gardens development in Nine Elms. The 50:50 joint venture is now set to deliver over 1,000 new homes across the capital, with a GDV of around £1billion.
Pavel Streblov, UK managing director and board member of Penta Real Estate said: “With phase two of The Brentford Project, we are adding another top-quality residential development to our London portfolio.”
“Within the first few months of our cooperation with Ballymore, we have already announced that we will jointly deliver more than 1,000 much-needed homes for London. We have conviction in our timing, with 2026 set to see a transition from a buyer-favourable market towards a more stable, growth-oriented phase. Underlying fundamentals remain strong, driven by London’s timeless international appeal and limited supply.”
John Mulryan, chief executive officer of Ballymore (UK), said: “Adding a third project to our partnership with Penta reflects confidence in both the Brentford regeneration and the team delivering it. The first phase is complete and 98% sold – clear evidence that what we’re creating is resonating.”
“Brentford is one of London’s great towns and we’re proud to continue its regeneration, delivering not just new homes but the shops, leisure and public spaces that strengthen the town centre. With BSR Gateway 2 approval secured, we’re focused on progressing the next phase and building on strong foundations.”