Amro Partners has acquired a key 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 in one of London’s regeneration hotspots. Once completed, the development will be managed by Amro Partner’s operational brand, Amro Living.
Having secured this key landholding, Amro Partners is undertaking discussions with adjoining landowners to bring forward development on this key gateway site and realise its vision of creating a highly sustainable net zero carbon town centre scheme.
The £200m GDV project will deliver 700 new Build to Rent homes. Amenities include co-working spaces, wellness centre, cinema room and private dining. Developing one of Europe’s most sustainable residential assets, Amro Partners is targeting ratings of Outstanding BREEAM Multi-Residential Rating, Fitwel 3*, and global digital connectivity and smart technology certification – WiredScore Platinum.
“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.”Raj Kotecha, Co-Founder and Managing Director, Amro Partners
Ilford is one of the Mayor’s Metropolitan Town Centres. It 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.
Amro Partners is seeking further land opportunities across London and key regional city locations to expand its Build to Rent platform. The company 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.
The company also recently announced it acquired Croydon Park Hotel in Croydon, South London to deliver a £200m GDV Build to Rent project with c.600 new homes and shared amenity spaces. The Wiltern, Amro Partners’ Build to Rent scheme in Ealing was also forward funded by Pension Insurance Corporation. The development, which is currently under construction, will deliver 278 homes and is due to complete in late 2023.