February 28th, 2022
- Amro has acquired significant brownfield site close to Ilford Station in East London
- Land assembly play will deliver c.700 unit £200M GDV Build to Rent development
- Underpinned by Crossrail, Ilford is focus of substantial inward investment and regeneration
- Building is targeting BREEAM Outstanding rating, making it one of Europe’s most sustainable residential assets
- Project will meet strong local demand for high quality purpose-built rental homes
Amro Partners has acquired a brownfield site close to Ilford Station in East London, as part of a land assembly play that will deliver a substantial Build to Rent-led mixed-use scheme providing c.700 units in one of London’s regeneration hotspots.
Having secured this key landholding, we are undertaking discussions with adjoining landowners to bring forward development on this key gateway site and realise our vision of creating a highly sustainable Net Zero Carbon town centre scheme.
One of the Mayor’s Metropolitan Town Centres, Ilford is the focus of a substantial regeneration plan that will deliver 6,000 homes and 3,000 jobs by 2030, underpinned by Crossrail and the arrival of new Elizabeth Line station facilities as well as major investment in public realm infrastructure.
We look forward to developing one of Europe’s most sustainable residential assets, targeting ratings of Outstanding BREEAM Multi-Residential Rating, Fitwel 3* and WiredScore Platinum – the global digital connectivity and smart technology certification. The £200M GDV project will provide shared facilities including co-working spaces, wellness centre, cinema room, and private dining, meeting strong local demand for high quality, purpose-built rental accommodation. On completion the development will be managed by our operational brand, Amro Living.
Raj Kotecha, Co-Founder and Managing Director of Amro Partners said: “This is our first acquisition in East London and provides the opportunity to deliver our largest Build to Rent project to date, in a location being transformed by Crossrail and massive inward investment. We’re keen to see the project take shape as quickly as possible and will work closely with other landholders and stakeholders to drive it forward with the highest ESG credentials.”
Amro Partners currently has over 1,600 purpose-built rental homes under development across Greater London, with a pipeline of projects coming forward in both London and regionally. We recently announced the acquisition of the Croydon Park Hotel in Croydon, South London for a £200M GDV Build to Rent project delivering c.600 new homes and shared amenity spaces. The Wiltern, our 278-bed BTR scheme in Ealing which was forward funded by Pension Insurance Corporation, is currently under construction and will open its doors to residents in late 2023.
We are seeking further land opportunities across London and key regional city locations to expand our Build to Rent platform.
February 8th, 2022