LONDON—Argent, one of the UK's most prominent developers, and Related Companies, one of the United States' most prolific real estate and investment firms, have formed Argent Related.

To capitalize on both firms' expertise and track record of urban development, the new joint venture will pursue the development of projects of scale in London and the UK which involve the creation of lasting, livable places. Argent Related will be the joint venture company through which Argent and Related will exclusively pursue all future projects in the UK.

“Argent and Related share a common approach and passion for mixed-use development which is focused around creating new and distinctive places for people,” said David Partridge, managing partner, Argent, and joint CEO of Argent Related. “We both have experience in taking on challenging property developments of a significant scale, and believe our shared dedication to long-term involvement, quality of product and thoughtful planning lend themselves to a successful partnership: one which can significantly benefit UK cities. Additionally, Related's industry leadership in such areas as sustainability and construction supply chain, and expertise in developing and operating their portfolio of more than 50,000 build-to-rent homes in the US, will enable us jointly to deliver a significant contribution towards the homes London and the UK desperately needs. Together we will be able to complete projects with the scale and impact to make a real difference, and keep Argent at the forefront of the UK property sector.”