Earlier this month (February 2023), Amro Partners announced it was strengthening its senior leadership team in the UK as it prepares to scale its UK Build to Rent platform. The company is already in advanced discussions with long-term institutional investment partners, as it is targeting to grow its UK Build to Rent portfolio to reach £2bn within the next 4 years
Most of this portfolio will be secured by acquiring sites, securing planning and developing schemes. The remainder will be reached by acquiring operational assets that meet the company’s funding requirements (eg ESG) or which they can reposition/transition.
Amro Partners is on a huge acquisition drive to purchase sites in London, Manchester and Birmingham – and has the capital to acquire sites pre-planning on both an unconditional and subject to planning basis. It will consider brownfield sites and reposition of substantial existing buildings.
Seeking sites with capacity of between 200 to 1,000 Build to Rent units, Amro Partners tells BTR News they are keen to speak with any landowners, agents, brokers or professional consultants who have sites that meet these criteria. With fund available to acquire sites immediately, the company can make swift decisions.
Amro Partners is tapping into markets with incredibly compelling tenant demographics and locations that are proven to be institutionally acceptable. A parallel strategy will also see the company grow its European PBSA platform to €2bn over the same period, with the company recently bolstering its senior leadership team in Europe.
“The UK acquisition strategy represents a significant scale up of our residential living platform and a step change in our rate of expansion across the UK and Europe. We’re aiming to reach £2bn gross portfolio value in UK Build to Rent over the next 4 years. In Europe, we are also aiming to reach €2bn gross portfolio value in European Student Housing over the same period.
“We’re on a major acquisition drive in the UK and have capital available to deploy on sites that fit our investment criteria. We’re seeking opportunities in London but also, for the first time, in key regional cities including Manchester and Birmingham where we can tap into compelling tenant demographics and where there’s proven demand for high quality rental homes.
“We’re keen to speak with any agents, brokers, landowners and professional consultants with urban sites in these locations that have excellent transport connectivity and capacity for between 200 to 1,000 Build to Rent units and can acquire either unconditionally or subject to planning.”Tom Donnachie, Managing Director, UK Investment, Amro Partners