Amro enters JV with NTT UD Europe to fund The Rex
We’re delighted to announce that Amro Partners and NTT UD Europe (NTT UDE), a subsidiary of a Japanese real estate developer NTT Urban Development, have formed a joint venture partnership to fund the development of The Rex co-living project in London.
The £80M GDV project located directly opposite Kingston train station represents NTTUDE’s first foray into the UK residential market and the first joint venture between the two parties. The project will deliver 210 co-living units and will be the first co-living building in the UK to achieve BREEAM Outstanding status in addition to the targeted Fitwel 3*, WiredScore Platinum and ActiveScore Platinum ratings.
The project will see part of the existing substructure and superstructure retained to maximise embodied carbon reuse, making it one of Europe’s most sustainable buildings on completion in January 2025.