Arada is committing an initial £500m of capital to acquire and invest in Regal to accelerate and grow delivery of its residential-led pipeline in London over the next two years. Regal – which will now become Arada London – has a 30-year track record in the capital with a current 10,000-unit residential pipeline which is now expected to triple this over the next three years. Projects under construction include Fulton & Fifth in Wembley, a mixed-use residential-led development comprising 876 homes, 40% of which will be affordable. The scheme is also home to Regal’s second Regal Academy, which provides construction skills training and employment pathways to the military community and local people. “It is in this spirit that we have carefully chosen Arada as our partner, a business that shares our values and confidence in the London residential market and our management team’s ambition to continue growing market share and shaping the London skyline.”