Amro hits £1bn transaction milestone with Sutton BTR acquisition

Occupying a prime location in the Sutton town centre, adjacent to Sutton train station, the project benefits from a connectivity rating of PTAL 6A and will help meet strong local demand for high quality, purpose-built and professionally managed rental accommodation. The site has been purchased subject to planning, with development work scheduled to commence on site in early 2024 and the completed property opening in 2026. Amro co-founder and MD, Raj Kotecha, said: “Due to the embodied carbon reuse, this will be one of the most sustainable residential buildings in Europe upon completion. Demand for energy-efficient, professionally managed rental homes is strong and growing, and this project will help meet the needs of young professionals and families locally while playing a key role in the wider regeneration of Sutton town centre on an important ‘Station Gateway’ site.  “This acquisition represents a major milestone in the evolution of Amro since we launched a decade ago, taking us over £1 billion in total transaction volume, and we remain focused on our target of delivering 5,000 highly sustainable multifamily homes across the UK over the next five years.