January 19th, 2022
- Croydon Park Hotel site will be transformed into new £200m GDV Build to Rent scheme
- Project will deliver c.600 units with roof terrace, gym/wellness centre, and cinema room
- The site has been acquired unconditionally in a joint venture partnership with Flemyn LLP
- Project to target BREEAM Outstanding rating in line with Amro’s NZC2030 pledge
- Construction scheduled to begin in spring 2023, with development opening in 2025
Amro Partners, in partnership with Flemyn LLP, has acquired the Croydon Park Hotel in Croydon, South London for a market-leading Build to Rent development.
The £200m GDV project, purchased unconditionally, will deliver circa 600 new Build to Rent units with shared amenities including roof terraces, lounge areas, co-working spaces, a gym/wellness centre, and cinema room.
Located just a two-minute walk from East Croydon train station (13 minutes from London Bridge, 15 minutes from London Victoria and Gatwick Airport) and BOXPARK Croydon, with the highest possible connectivity rating of PTAL 6b, the project will meet strong demand locally for high quality purpose-built rental accommodation with excellent transport links.
In line with Amro Partners’ NZC2030 pledge, the development will target a BREEAM ‘Outstanding’ rating, Fitwel 3* certification, and WiredScore Platinum – the global digital connectivity and smart technology certification. Construction is anticipated to begin in spring 2023 with a completion date in 2025, after which the project will be managed by our operational platform, Amro Living.
Raj Kotecha, Managing Director of Amro Partners, said: “Croydon is a proven location for Build to Rent and we are focused on delivering a market-leading Net Zero Carbon – or better – asset that will set a new standard for purpose-built rental housing in the town. There’s strong and growing demand among Croydon’s young professional population for high quality rental accommodation in a ‘live, work, play” setting and we look forward to working with our JV partner Flemyn LLP to deliver this exceptional new landmark building.”
Read the full story in EGi.
January 13th, 2022