Amro acquires Lewisham Retail Park for residential development

Amro aims to deliver its largest and most ambitious residential scheme to date with the redevelopment of the Lewisham Retail Park.

Lewisham Retail Park that Amro Partners has acquired for its largest project to date | BTR News
Lewisham Retail Park that Amro Partners has acquired for its largest project to date.

Investment manager and residential living specialist Amro Partners has acquired Lewisham Retail Park in Southeast London. The company has plans to deliver a landmark ESG-leading development which is scheduled to launch with phased openings during 2028/29.

Over the last 18 months, Amro has acquired various adjoining land holdings from numerous private landowners, concluding with the acquisition of the retail park site and remaining land holdings from Legal & General.

With an estimated GDV in the region of £400m, Amro’s planned development will comprise approximately 1,000 new rental homes, forming one of the final major pieces of the 20-year Lewisham regeneration plan. The scheme is likely to be a mixture of rental homes with Build to Rent forming a significant proportion.

With plans to significantly improve the existing planning consent for 550 homes, Amro will work closely with the London Borough of Lewisham to secure permission for an ESG leading development with the highest possible sustainability ratings, including BREEAM Outstanding, Fitwel 3*, WiredScore Platinum and ActiveScore Platinum.

“This acquisition is the culmination of two years’ hard work piecing together this incredibly complex site. It’s an honour to play a part in the regeneration of this bright and thriving neighbourhood, with a site that has such vast potential. We look forward to working with the council and the people of Lewisham to bring forward a landmark development that sets a new bar for placemaking, sustainability and brings long-term value to the local community.”

Raj Kotecha, Chairman and CEO, Amro Partners

Adjacent to Lewisham Train Station – which can get residents to London Bridge in nine minutes, Bond Street in 20 minutes, and London Liverpool Street in 31 mins – and with a connectivity rating of PTAL 6b, the development will meet strong local demand for a variety of residential uses with excellent transport links.

Amro can now undertake a comprehensive redevelopment of the island site and contribute to the regeneration of Lewisham with the scheme and by significantly enhancing the public realm through the creation of new green spaces, cycle paths and permanent community spaces. Flexible commercial space on the ground floor will support local SMEs and independent businesses.

“Amro can deliver an exceptional development with outstanding placemaking, and much-needed housing. This transaction is another example of the current positive sentiment within the London residential land market, and the demand we are seeing for best-in-class sites.”

Adam Cradick, Head of London Residential Land, CBRE

Amro currently has over 2,500 residential homes currently under development across Greater London, including projects in Ealing, Kingston, Sutton and Croydon. Guided by its NZC2025 pledge, it aims to create the most sustainable living portfolio in Europe, with every new project targeting a full suite of sector leading ESG credentials.