Amro acquires Sutton building for £170m BTR scheme

Amro Partners acquires a Sutton office building to convert into a £170m Build to Rent scheme – and hits its £1bn transaction milestone.

What the £170m new Build to rent scheme could look like. Amro has acquired the Sutton office building subject to planning | BTR News
What the £170m new Build to rent scheme could look like. Amro has acquired the Sutton office building subject to planning.

Amro Partners has acquired a 200,000 sq ft office building in Sutton for its next Build to Rent project, taking the company’s total transaction volume since inception in 2012 to over £1bn. The site has been purchased subject to planning, with development work scheduled to start on site in early 2024, and the completed property opening in 2026.

The south London building is in a prime location in Sutton town centre – adjacent to the train station. The £170m GDV project will deliver c.450 new Build to Rent homes with shared amenities including co-working spaces, gym and wellness centre, residents’ lounge, cinema room and roof terraces.

In retaining and extending the existing 1970s office building – which is currently occupied by the LexisNexis Risk Solutions Group – Amro will deliver one of Europe’s most sustainable residential assets with significant embodied carbon savings. The Build to Rent development will target ratings of BREEAM Outstanding, Fitwel 3* and WiredScore Platinum in line with Amro’s pledge to become a net zero carbon company by the end of 2025. The proposal is for a retention of the existing concrete structural frame, comprised of two interconnected towers, and a vertical extension to create a mixed-use scheme with commercial space on the ground floor. 

“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 £1bn 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.”

Raj Kotecha, Co-founder and MD, Amro